Liabilities

Liabilities
“Liabilities” Please respond to the following:

Analyze the major pros and cons of preparing company budgets. Determine at least two (2) critical budget items that you believe are essential in managing a company.
Provide a rationale for your response.

Analyze the most common responsibility reporting systems. From your analysis, argue at least one (1) pro and one (1) con of using responsibility reporting systems.

To help with business forecasting and setting business benchmarks you can use to measure your success, you will need to carry out some business budgeting. But why
prepare a business budget? What are the pros and cons for completing business budgets?

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