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What is the key purpose and objective of budgets and forecasts? What assumptions were used in the preparation of these budgets? Is there a need

  1. What is the key purpose and objective of budgets and forecasts?
  2. What assumptions were used in the preparation of these budgets?
  3. Is there a need to review your assumptions and why?
  4. How would you use information regarding market growth and development?
  5. What accounting principles apply to budgeting?
  6. What legal and ethical considerations were used in preparing your budgets?
  7. What milestones and performance indicators

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