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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1303 |
Essay's paper body
Detailed assumptions are an important part of the budgeting process because one will have to assume or predict the next year's comings and goings because there is no availability of records for the future.
The budget is the diving board of the organization. Without a budget or a monetary plan, tracking an organization's performance may prove to be difficult or impossible...
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Without a budget or a monetary plan, tracking an organization's performance may prove to be difficult or impossible. The budget is used as a road map to the future. At the end of the fiscal year, the organization can look at the budget created versus the monies spent and have a glimpse into how successful or not the year was...
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