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Long-Term Goals in Accounting Departments

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Assume that you work in the accounting department of a small wholesale warehousing company. Inspired by a recent seminar on budgeting, the company's president wants to develop a budgeting system and has asked you to direct it.

Identify the points concerning the initial steps in the budgeting process that you should communicate to the president. Concentrate on principles related to long-term goals and short-term goals.

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Solution Summary

The expert examines long-term goals in accounting departments. The points concerning the initial steps in the budgeting process that you should communicate to the president are determined.

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The first steps in budgeting would be reviewing the company's vision and mission. This review should ...

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