Budgets can be used in almost any type of organization, including large corporations, small businesses, government organizations, universities, churches, and student clubs. Required: Choose any local organization and interview two people who are involved in its budget process. Try to choose one person who actually worked on preparing the budget (e.g, an accountant or the treasurer) and another person who is affected by the budget (e.g., a person in charge of spending the budget, or an employee who is evaluated based on his or her ability to meet budgetary goals). 1. Based on your interviews, write a brief description of the budgeting process within this organization. The description should be a factual aceount of the steps taken to develop and distribute the budget without any qualitative evaluations of the process. You should identify the type of budgeting (top-down or participative) and the personnel involved in the budgeting process, as well as any recent and/or anticipated adjustments to the process and the overall importance management places on budgets: 2. Separately consider each of the people you interviewed. How satisfied does each seem with the organization's budgeting process? What step(s) of the process were they the most and least satisfied with? Did either of your interviewees identify a particular step of the process that has been troublesome? 3. Suppose the organization you investigated has retained you as a consultant. Based on the information compiled from the organization and your knowledge from this course, what recommendations would you make to this organization regarding its budgeting process? (3) LO 81 s8-2 Researching Online Budget Tools Numerous personal financial planning or budgeting tools are available on the Internet, many of them free. Choose at least two different online budgeting sites and input information for a typical person of your age. (Note: You may either create a fictitious profile or use your own personal information. If you choose to use your personal data, be sure to read the sites' privacy policies.) Required: 1. Use each tool to develop a monthly budget. 2. Compare and contrast the two online budgeting tools. Do you prefer aspects of one over the other? Are there things that you dislike? Explain