michael was asked to collect the financial data from all the different departments so that top management could determine if they met their goals. what point is the at company in its budgeting process?

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15-12-2022
Business

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michael was asked to collect the financial data from all the different departments so that top management could determine if they met their goals. what point is the at company in its budgeting process?

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aashvi1 aashvi1 · Answer 1 · 2022-12-20T03:52:59-05:00

At the end of the budget period. This is the point the at company in its budgeting process.

What Is the Process of Budgeting?

Budgeting is the process of looking back at previous budgets and making plans for a future budget with the intention of predicting income. To understand what a budget is, one does not need to work in company management.

The step of this procedure that involves planning and approval is budgeting. Later comes accounting and auditing of government spending (such as internal and external controls). Government revenues and expenses are decided upon and distributed through the budget process.

Which 4 budgeting techniques are there?

Companies often utilize one of four types of budgets: incremental, activity-based, value proposition-based, or zero-based. Each of these four budgeting techniques has benefits and drawbacks, which will be covered in greater detail in this article.

To know more about budgeting process visit:

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