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Preparebudgets and financial plans - Essay Example

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In line with this the sales department has taken different cost cutting measures which will reduce our operations cost. Some of these measures include;
It is necessary to briefly explain the process of the budget administration. A manual that describes policies and procedures was used to guide on those issues. A small budget committee was formed with members selected from various functional areas of the department who have expertise in those areas. A high degree of participation has been encouraged in the process in realization that people will support that which they’ve participated in ...Show more
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This budget will provide a glimpse of the preparation process starting with planning and also the examination of set targets for the sales department. Care has been taken to ensure that everything in the budget assists in the achievement of the organizations core values…
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