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THE BUDGET PERIOD

6 五月, 2015 - 17:10

Most companies use a budget period which corresponds to their fiscal year. Annual budgets are often split into shorter periods - quarter or month - over which greater control can be exercised. When budgets are revised periodically to take account of changing internal and external conditions, this is called continuous budgeting. Budgeting extending over several years is referred to as long range planning.