Week 4 Discussion Post 1 Document

After reading the article, I have a better understanding of why a company

would choose to forego a budget. The idea behind the budget is to anticipate

future performance. As mentioned in the article budgets are inflexible. By

using a forecasting budget, as described a company will prepare a 2-3 month

projected performance. At the end of the projected timeframe the company

can see if they are on target or not. By doing this it allows for flexibility and

ease of updates/changes.

Rygelski, M. (2018, January 5).Council post: Budgets don't work: Here's

how businesses can do it differently. Forbes. Retrieved May 29, 2022,