Budgets preparation is a very important process in an organization which requires detail

analysis.

Required:-

a) Analyze the nature and purpose of budgeting, the stages involved in the preparation of

budgets, identifying separately the roles of managers and the budget committee;

(15 marks)

b) Share some spreadsheets which can be used reliably and is helpful in improving the

efficiency and effectiveness of the budget preparation process.

1500-2000 words