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Can you state any four reasons for preparing budgets in an organization?

Costing Economics
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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/08/06
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Tomasz L
by Tomasz L , Reporting Specialist , Outworking

1. Anticipating the problems faced by company in the next periods

2. Coordination of the activities (e.g. production and sales)

3. Communicating the company goals and motivating managers

4. Measuring performance in the following periods and explaining the deviations

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