Transcribed

Financial Budget Process.

1 Adjust As Necessary Stakeholder Input 2 Monitor Results Vison Mission Goal Financial Budget Process 3. Setting Adopt Budget Needs Assessment Operating Budgets Impacts 5 4 Direction To Staff

Financial Budget Process.

shared by sandrajames on Jan 20

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A financial budget process is an extensive plan that seeks to optimize the limited resources available to any organization. It helps to ensure that the resources are effectively used in business proce... sses. The financial budget process is a thorough plan made my financial analysts. This plan consists of eight steps. The first step is the stakeholder input from which they derive mission and goals of a company. After this brain storming for needs assessment takes place through which direction to staff is given. Then operating budget impacts are evaluated with the alternative budget proposal. Finally the results are evaluated and then the process is monitored for errors.

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Sandra James