Required:-Analyze the nature and purpose of budgeting, the stages involved in the preparation ofbudgets, identifying separately the roles of managers and the budget committee. (15 marks)*Please answer it according to the marks and make it at least 750 words and above. Thanks!Nature and purpose of budgeting:Budgeting is a plan of action expressed in financial terms. Budgeting relates to a given period of time andexpresses the financial implications of a given plan of…
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