Institutes combine to offer budgeting guide
Following their joint 'Best Budgeting' forum, CIMA and the ICAEW have produced a free guide to budgeting best practice.
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The report provides a snapshot of the current best practice in some of the UK’s leading organisations, following consensus reached at the forum that budgets and the accompanying processes are still important.
Danka Starovic, senior technical issues Manager, CIMA said: ‘The key message of this report is that budgeting has been adapting to the needs of the modern companies. Instead of being about cost-cutting, budgets are now more about contributing to value creation. The overall framework of control they provide is indispensable.’
A copy can be downloaded at: http://www.cimaglobal.com/downloads/betterbudgeting_joint.pdf.