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Q - Outline the steps in preparing the budget.
Q – Outline the steps in preparing the budget. A - Identify the problem and uncertaintiesObtain informationMake predictions about the futureMake decisions by choosing among alternativesImplement the decision, evaluate performance, and learn Instructor’s Q - What types of things can you learn from preparing the budget?Criteria – If outside of our textbook, please provide your source or reference.Reference - Horngren, C. T., Datar, S.M., Foster, G., Rajan, M., & Ittner, C. (2009). Cost Accounting: A Managerial Emphasis (13th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.
