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@article{182015,
        author = {chauhan Femina and Nisarg Shukla},
        title = {Comparative Study of Traditional and Modern Budgeting Techniques},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {12},
        number = {2},
        pages = {590-594},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=182015},
        abstract = {As a tool for planning, allocating resources, and assessing performance, budgeting continues to be a crucial part of corporate financial management. The purpose of this study is to compare and contrast conventional and current budgeting methods to determine their applicability and efficacy in today's fast-paced corporate environment. Traditional budgeting techniques, such as line-item and incremental budgeting, are distinguished by their predictability, simplicity of use, and dependence on past data. They often have drawbacks, including rigidity, inability to adjust to changing conditions, and a propensity to repeat ineffective practices. However, more flexibility, strategic coherence, and an emphasis on value creation and ongoing performance improvement are provided by contemporary budgeting methods, including rolling forecasts, activity-based budgeting, and zero-based budgeting. This study concludes that current budgeting techniques are more appropriate for competitive, rapidly evolving markets, even though traditional budgeting remains helpful for stable companies and government sectors. The results highlight the importance of choosing budgeting strategies that align with an organization’s strategic goals, operational complexity, and external environment.},
        keywords = {Traditional budgeting, Modern budgeting, Budget flexibility},
        month = {July},
        }