The role of budgets & variances in strategic planning

IB Business Management: The role of budgets & variances in strategic planning

Budgets and variance analysis have an important role in the strategic planning of a business. There are several reasons for this:Investigate the role of budgets and variance analysis as a strategic planning tool at your school. Consider how budgets and variance analysis are used in the school for financial planning, financial control, flexibility (in order to meet organizational goals), financial prudence, and accountability.


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