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Budgeting Describe your company's annual budget process. What is your involvement in the process? What works well? What...

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Finance

Budgeting

Describe your company's annual budget process.

  • What is your involvement in the process?
  • What works well? What doesn't work?
  • If you were CEO/CFO, what changes would you make and why?
  • How would you communicate to employees the value that theprocess brings to the business?

Answer & Explanation Solved by verified expert
3.8 Ratings (618 Votes)
BUDGETING Budget is an operational plan for definite period usually a year Expressed in financial term and based on expected Income and expenditure Budget supplies the mechanism for translating fiscal objectives into projected monthly spending pattern It enhance fiscal planning and decision making It clearly recognizes controllable cost area It offer a useful format for communicating fiscal objectives Annual Budgeting Process Here    See Answer
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