A variant of fiscal-year budgeting whereby a 12-month projection into the future is maintained at all times is termed _____ budg

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2 years ago

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eting. a.master b.zero-based c.flexible d.continuous

1 answer:

katrin [286] · Answer 1 · 2023-10-22T09:27:00+03:00

A variant of fiscal-year budgeting whereby a 12-month projection into the future is maintained at all times is termed Continuous budgeting.

<h3>What is Continuous Budgeting?</h3>

Budgets are created for future periods, revised throughout current periods, and adjusted at the conclusion of the term. This process is known as continuous budgeting.
In other words, it's the practice of maintaining active, current, and future budgets to monitor costs and project growth in the future.
The majority of businesses create their budgets on a monthly, quarterly, or annual basis, however many businesses now create weekly budgets to monitor sales and shipments.
In the current era, these plans are utilized to establish financial and performance goals and benchmarks for the future.
Following the conclusion of the current period, the budgeting process is restarted by developing a new plan for the following accounting period.

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