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What is a rolling budget? Why are they prepared?

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What is a rolling budget? Why are they prepared? Discuss why some types of companies would use a rolling budget instead of a master budget.

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Solution Summary

This 254 word solution provides a good explanation and the uses of rolling budgets. Examples of types of companies that might make good use of these types of budgets are included.

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By definition, a rolling budget is "a budget or plan that is always available for a specified future period by adding a month, quarter or year in the future as the month, quarter or year just ended is dropped" (wps.prenhall.com/wps/media/objects/211/216259/glossary.html).

Whereas a master budget is usually designed for the entire fiscal year of a company, companies who use rolling ...

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