Required:- Analyze the nature and purpose of budgeting , the stages involved in the preparation of budgets , identifying separately t he roles of...

Required:-

Analyze the nature and purpose of budgeting, the stages involved in the preparation ofbudgets, identifying separately the roles of managers and the budget committee. (15 marks)

*Please answer it according to the marks and make it at least 750 words and above. Thanks!

Nature and purpose of budgeting:Budgeting is a plan of action expressed in financial terms. Budgeting relates to a given period of time andexpresses the financial implications of a given plan of...