Not using a budgeting model can have several implications. Firstly, it may lead to a lack of forecasting, command, and control, which are essential for senior management to deliver stable earnings per share (EPS) trends. Secondly, it may shift the focus from financial precision to strategic success, which can affect the allocation of resources. Lastly, without a budgeting model, there may be excessive stress over budget accuracy, especially if budgets are inflexible and crucial forecasts cannot be adjusted.
Simplify the process of budget creation with our Budgeting Model template. This template includes ex...
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