accounting-preparing a budget for next year’s operations.

QUESTION

Smith Manufacturing, Inc. has asked for your assistance in
preparing a budget for next year’s operations. Take a few moments to consider
where you would begin the budgeting process. What types of information do you
need? Prepare a letter addressed to John Jones, CFO of Smith Manufacturing. In
this letter be sure to request the information that is needed to begin the
budgeting process. Also, provide an outline of how the budgeting process flows.

ANSWER:

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