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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1887 |
Essay's paper body
If you are not there, knowing which manager to hold responsible or sackâ€.
Again, budgeting acts as a vital management decision-making tool. As management makes decisions throughout the year, budgeting allows the impact of these decisions to be quantified. Once the decisions are in place, management can measure the positive or negative impact of the decision...
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Once the decisions are in place, management can measure the positive or negative impact of the decision.
Bruns (2005) in his ‘Accounting for Managers states that, “the purpose of budgeting is that it motivates staff to act in the interest of the company.â€
Fisher (2005) also adds that, “budgeting helps in authorising expenditure...
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