👉 Rebudgeting is a process in finance and economics where an organization or individual reevaluates its financial plans, strategies, and objectives to ensure they align with current economic conditions, market trends, and organizational goals. The goal of rebudgeting is to adjust the company's budgetary structure to reflect these changes and improve efficiency and effectiveness.
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What is the definition of Rebudget? 🙋
👉 Rebudgeting, also known as budget reclassification or cost allocation, is a process where organizations adjust their financial forecasts and budgets to reflect changes in market conditions, operational performance, or other factors. This can include changes in revenue, expenses, or resource allocation. In the context of accounting, rebudgeting may involve adjusting the company's income statement (income from operations) to reflect new costs, revenues, or operating expenses. It is often used by financial institutions and companies seeking to reduce their overall
