Increasingly, it is becoming necessary for those involved in financial decision making to master advanced budgeting techniques. Top organisations are focusing more and more on streamlining their budgeting process. Budgets are used to link strategy to planning, to highlight operational inefficiencies and to set targets. It is also well known that budgets absorb management time and attract a wide range of criticism. Instead of a meaningless annual distraction, the budget should become a flexible, continuous process including changes in strategy and market conditions, competitor moves, advances in technology, efficiency and process improvement.
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