UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 7 Issue 5
May-2020
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2005476


Registration ID:
314547

Page Number

1178-1185

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Title

Rethinking Budgeting Process in times of Uncertainty

Abstract

Even in good times, most businesses find budgeting difficult. The process is frequently inefficient, with managers wasting too much time trying to stick to a budget that has been imposed on them. Creating one consistent budget to coordinate business units and track performance for a complete fiscal year is difficult when economic forecasts alter on a weekly or even daily basis. Following the standard budgeting procedure will almost certainly be ineffective. The objective of this study is to: first, it identifies the primary drivers of uncertainty that necessitate the rethinking of budgeting models. Second, it describes many budgeting models and tactics that have been advocated as being the most effective during volatile periods.

Key Words

Budgeting, minimized budgeting, relative targeting, rolling forecast

Cite This Article

"Rethinking Budgeting Process in times of Uncertainty", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 5, page no.1178-1185, May-2020, Available :http://www.jetir.org/papers/JETIR2005476.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Rethinking Budgeting Process in times of Uncertainty", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 5, page no. pp1178-1185, May-2020, Available at : http://www.jetir.org/papers/JETIR2005476.pdf

Publication Details

Published Paper ID: JETIR2005476
Registration ID: 314547
Published In: Volume 7 | Issue 5 | Year May-2020
DOI (Digital Object Identifier): http://doi.one/10.1729/Journal.28007
Page No: 1178-1185
Country: -, -, India .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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