Some of the challenges in implementing a budgeting model include the need to change the purpose of planning and budgeting, shifting the focus from financial precision to strategic success, and planning faster and more frequently. It can be difficult to forecast precisely what the company must do to deliver stable earnings per share (EPS) trends. There is also the challenge of turning targeted outcomes into strategic portfolio guidelines that drive the budgeting and adaptation process. Additionally, if budgets are inflexible and a crucial forecast can't be adjusted, it can cause excessive stress over budget accuracy.
Simplify the process of budget creation with our Budgeting Model template. This template includes ex...
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