Explain the purpose and nature of the budgeting process

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Explain the purpose and nature of the budgeting process. Select appropriate budgeting methods for the organization and its needs. Prepare imaginary budget according to the chosen budgeting method (e.g. cash budgets; the preparation of sales budget, debtors’ budgets, creditors’ budgets, production costs, raw materials and finished goods budget).

Reference no: EM131503429

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