Budgeting is the common accounting tool companies use for planning and controlling. Budgets
a. provide a measure of planned financial results.
b. are prepared independent of the company's long-term strategies.
c. do not usually reflect actual results, so they are a useless exercise.
d. serve as the financial expression of management's plans for the upcoming period.
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Home » Business » Budgeting is the common accounting tool companies use for planning and controlling. Budgets a. provide a measure of planned financial results. b. are prepared independent of the company's long-term strategies. c.