RELEVANCE OF ANNUAL BUDGETS

$18.00

Order Now

Description

Budgeting is often hinged on the ability of an organization to forecast the future financially, while drawing from past performance. As a consequence, uncertainty in the financial markets can render budgeting increasingly unreliable, especially when an attempt is made to forecast the financial future of an organization over long periods of time. This paper seeks to analyze the validity of the traditional annual budgets in the current economic downturn.