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In your own words, explain what a budget is and why it is important

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ACC 240 Topic 6 Discussions GCU

ACC 240 Topic 6 DQ 1

In your own words, explain what a budget is and why it is important for a business to have a budget.

ACC 240 Topic 6 DQ 2

Budgets are developed months before the end of the current year and are best guess estimates of future performance. What do you think might be some pitfalls of budgeting, and how can they be avoided?

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