Why is important to access relevant budget information

Reference no: EM132724329

Question 1: Discuss the advantages of financial plans and budgets in supporting business in a highly competitive economic environment

Question 2: Why it is important to access relevant budget information to your team member? What are possible consequences if critical information is kept away from your team?

Question 3: Monitoring of actual sales to budgeted sales is essential to running a successful and highly profitable business. What can be the consequences if variance analysis is not implemented and monitored on a regular (daily, weekly, monthly) basis?

Reference no: EM132724329

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