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Prepare supporting Commentary Provide a brief explanation of each of the following: Describe how budgeting relates to an organisation's strategic planning process and its importance

Prepare supporting Commentary

Provide a brief explanation of each of the following:

  • Describe how budgeting relates to an organisation's strategic planning process and its importance in informing future direction.
  • Discuss the purpose of preparing a cash budget and provide an explanation of how the preparation of this schedule assists managers in managing the cash flow and working capital of the organisation.

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