A budgeting model can be used to forecast future financial trends by helping senior management predict what the company must do to deliver stable earnings per share (EPS) trends. It allows each business department and function to execute the plans that will add up to the targeted total. The model also helps monitor activities within each department to ensure the team members stick to plans and deliver desired results. Furthermore, it can shift the focus from financial precision to strategic success by turning the targeted outcomes into strategic portfolio guidelines that drive the budgeting and adaptation process. Lastly, it allows for faster and more frequent planning, which can alleviate stress over budget accuracy.
Simplify the process of budget creation with our Budgeting Model template. This template includes ex...
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