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Information used in budgeting

Information is the starting point of the budget setting process. Watch this video to learn how information helps organisations with decision making

Information is the starting point of the budget setting process. As the Kaplan tutor explains in this video, a management accountant or manager can provide a wide range of information to help decision making in their company. He covers six of the key benefits of budgeting in the video:

  • decision making
  • planning
  • communication
  • coordination
  • targets and incentives
  • controls.
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Introduction to Business Budgeting

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