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A manager says, The whole annual budgeting process is a waste of time. In digital age, it is real-time reporting that matters. Besides, I know

A manager says, The whole annual budgeting process is a waste of time. In digital age, it is real-time reporting that matters. Besides, I know so many employees who regularly engage in padding the budget. As a potential management accountant, what is your response to the above comments? Do you agree or disagree with each of the above (comments)? Explain your position in details and provide suitable examples.

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