In your own words, answer this unit’s discussion questions in a main post

 In your own words, answer this unit’s discussion questions in a main post (recommended minimum 300 words)

Assignment Details

Many companies face budgetary challenges on a continual basis. Two critical aspects that businesses lack when budgeting are effective control practices and monitoring.

Budgeting is essential to businesses, but it is not that simple to implement:

  • What are some challenges and weaknesses that a firm may find in the budgeting process?
  • What are some examples of effective monitoring and control practices, and how do they help address budgetary challenges?
  • Discuss the role of the budgeting committee and its responsibilities
 

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