Where does traditional budgeting start?

Traditional budgeting begins with a production budget.

Budget preparation refers to the formulation, confirmation and organizational process of budget revenue and expenditure plans.

Includes: Generation of unit budget.

The budget covers the scope of the business.

Summarize and form general budget drafts at all levels.

Compile the state budget.

Budget preparation methods can be divided into two categories: regular budget methods and rolling budget methods according to the date characteristics of the budget period.

Periodic budget: A budget preparation method that uses a fixed accounting period (such as a calendar year) as the budget period.

Rolling budget (continuous budget, sustainable budget): separate the budget period from the accounting period, continuously replenish the budget as the budget is implemented, and roll backward period by period, so that the budget period always remains a fixed length (usually 12

month) is a budget method.