Budgeting Process
Smith Manufacturing, Inc. has asked for your assistance in preparing a budget for next year’s operations. Take a few moments to consider where you would begin the budgeting process. What types of information do you need? Prepare a letter addressed to John Jones, CFO of Smith Manufacturing. In this letter be sure to request the information that is needed to begin the budgeting process. Also, provide an outline of how the budgeting process flows.
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I write this letter to request for information that will be necessary for the making of the next financial year budget. The information provided will be very important in determining the exact details of the next year’s budget…
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