e. What requirements might you have in relation to for compliance and liabilities for tax? f. What types of software might you need for financial management? 2. Then discuss the steps involved in creating a budget including how you will: a. Use previous financial data to determine allocations for resources b. Make informed estimates of new items for inclusion in budget c. Prepare budgets in accordance with organisational requirements and statutory requirements 3. Then you will need to discuss the methods you will use to implement a budget including: a. Circulation methods, including how you will make managers and supervisors clear about budgets, reporting requirements and financial delegation