Discuss theadvantagesoffinancial plansandbudgetsin supporting business in a highly competitive economic environment

Why it is important toaccess relevant budget informationto your team member? What are possible consequences if critical information is kept away from your team?

Monitoring of actual sales to budgeted sales is essential to running a successful and highly profitable business. What can be the consequences if variance analysis is not implemented and monitored on a regular (daily, weekly, monthly) basis?