Budgets are reviewed and revised until a final budget is approved. are normally completed once the new period has begun because the actual costs for the prior year are needed. are compared to actual results in order to identify managers who are performing poorly so they may be terminated. are distributed to all employees in an organization to ensure broad compliance. Budgets are reviewed and revised until a final budget is approved. are normally completed once the new period has begun because the actual costs for the prior year are needed. are compared to actual results in order to identify managers who are performing poorly so they may be terminated. are distributed to all employees in an organization to ensure broad compliance