Rolling budget
Rolling budget is budget or plan that is always available for a specified future period by adding a period (month, quarter, or year) to the period that just ended. Also called continuous budget.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Rolling budget. Budget or plan that is always available for a specified future period by adding a period (month, quarter, or year) to the period that just ended. Also called continuous budget.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Rolling budget. A budget that is continuously updated so that the next 12 months of operations are always budgeted; also known as a continuous budget.