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Refers to the process by which governments or organizations create and approve a budget. Budgeting is the setting of expenditure levels for each of an organizationâ??s functions.

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Q: Definition for the meaning of the budgeting process?
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What is the definition of a budgeting process?

The definition of budgeting process is when governments create and approve a budget. Basically it's the setting of an expenditure with respect to the organizations core function which is responsible for the overall functionality of the firm.


What does the process of budgeting encompass?

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Modern view of capital budgeting?

Meaning of Capital Budgeting


Where can one learn about the capital budgeting process?

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Who initiates the budgeting process?

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Is budgeting important?

Budgeting is an important planning and forecasting process for a given period. It is the itemized summary of income and expense.


Why is budgeting important?

Budgeting is an important planning and forecasting process for a given period. It is the itemized summary of income and expense.


How does the budgeting process of an organization benefit a functioning standard cost system?

You need to go through the budgeting process. This will ensure that you know how much is being spent and where it is being spent.


The starting point in the budgeting process is the preparation of what?

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