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Establish objectives & targets – Planning & communication – Develop a detailed budget – Review & approval – Implementation and management
Establish objectives & targets – Develop a detailed budget – Planning & communication – Review & approval – Implementation and management
Planning & communication – Establish objectives & targets – Review & approval – Develop a detailed budget – Implementation and management
Planning & communication – Establish objectives & targets – Develop a detailed budget – Review & approval – Implementation and management

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Tundexi

In management, the correct Budgeting Process includes:

  • Planning & communication

                         |

  • Establish objectives & targets

                         |

  • Develop a detailed budget

                         |

  • Review & approval

                         |

  • Implementation and management

What is a Budgeting Process?

A budget is an essential tool for all organization as it helps to keep track of its income and expenditure.

The budgeting process refers to the process of putting a budget in place. This process of budgeting involves planning and forecasting, implementing, monitoring and controlling, and finally evaluating the performance of the budget.

Hence, the Budgeting Process include Planning & communication – Establish objectives & targets – Develop a detailed budget – Review & approval – Implementation and management.

Therefore, the Option D is correct.

Missing word "Which Of The Following Describes The Correct Budgeting Process?"

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