Budgeting is the process of identifying,gathering,summarizing,and communicating financial and nonfinancial information about an organization's future activities.

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Budgeting involves forecasting and planning for an organization's future financial activities, and is often used as a tool for making informed business decisions. The process typically involves gathering and analyzing various types of data, such as sales projections, expense reports, and market trends, in order to create a comprehensive plan that can guide the organization towards its goals. Nonfinancial information, such as customer feedback or employee satisfaction data, may also be factored in to help inform the budgeting process. Ultimately, the goal of effective budgeting is to help an organization allocate resources strategically to maximize its potential for success.

Budgeting Is the Process of Identifying,gathering,summarizing,and Communicating Financial and Nonfinancial