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Your company is initiating a new process for determining department budgets. Your department will be...

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Accounting

Your company is initiating a new process for determining department budgets. Your department will be meeting with the department managers to explain the new process. You will be delivering a presentation on the advantages of budgeting. In the past, the managers were given the budgets for their departments but not involved in the decision making. What budgeting advantages would you include in your presentation? How would you explain the content in a meaningful way as to communicate the value and importance?

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