Here are the differences between the two:
Flexible Budget-A flexible budget is a budget that adjusts or flexes for changes in the volume of activity. The flexible budget is more sophisticated and useful than a static budget, which remains at one amount regardless of the volume of activity.
Rolling Budget-Method in which a budget established at the beginning of an accounting period is continually amended to reflect variances that arise due to changing circumstances.
Hope this helps!
is a plan for a single level of production, whereas a flexible budget can be converted to any level of production.
true
Actual sales (quantity ) = flexible budget sales (quantity ) , because the flexible budget is prepared based on the actual activity level (units sold ) to avoid misleading of compering the static budget sales and actual sales
Fixed or Static buget is for a particular activity level. Flexible budget is for a range of activity level. Differentiate between Fixed and Flexible budget ? Needs a complete answer.
there are some difference among activity based flexible budget and conventional fllexible budget, the main differ is number of cost driver that use to allocat OHC, so my dissertation about this subject
is a plan for a single level of production, whereas a flexible budget can be converted to any level of production.
A continuous budget is a rolling budget.
true
Actual sales (quantity ) = flexible budget sales (quantity ) , because the flexible budget is prepared based on the actual activity level (units sold ) to avoid misleading of compering the static budget sales and actual sales
There is no difference between them.. Their difference only is how you understood about financial budget.. :)
Fixed or Static buget is for a particular activity level. Flexible budget is for a range of activity level. Differentiate between Fixed and Flexible budget ? Needs a complete answer.
there are some difference among activity based flexible budget and conventional fllexible budget, the main differ is number of cost driver that use to allocat OHC, so my dissertation about this subject
Rolling budgets have many benefits. They are more flexible than static budgetsÊand allow for changes to be made in the system easier.
A rolling budget helps mask overspending. With a rolling budget, managers and employees can correct spending problems on a daily basis.
iiiustrate by means of a diagram the budget planning process show clearly the difference between a functional budget and a financial budget
flexible budget and actual results
A budget "variance" is the difference between planned and actual performance.