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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Beyond budgeting
Hi,
Could you briefly explain the principle of beyond budgeting? I have watched the videos, and looked at the notes but can’t get my head around what it exactly is.
It is not a technique, it is simply the proposition that preparing budgets does not really achieve anything and wastes time and money, and that companies should measure performance in other ways – not simply comparing with a budget as most companies do at the moment.
Ok thank you, I will re read the notes on this section.
You are welcome 🙂