A budgeting model can improve the financial performance of a company by providing a forecast of the company's earnings per share (EPS) trends. This allows senior management to plan and control the activities of each department to ensure they align with the targeted outcomes. The budgeting model also shifts the focus from financial precision to strategic success, driving the budgeting and adaptation process from the strategy down, rather than from individual projects up. Additionally, planning faster and more frequently can reduce stress over budget accuracy and allow for necessary adjustments.
Simplify the process of budget creation with our Budgeting Model template. This template includes ex...
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