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Moving Beyond Traditional Budgeting
April 11, 2018
Management accountants are always looking for a way to make their budgeting process easier. An operational budget has significant advantages over the traditional budget because it is driven by an operational income statement. An operational budget is a great demonstration of the analytics operational inadequacies of traditional accounting and it gives companies and enduring competitive edge. The limitations of the traditional budgeting process have been recognized for a long time, and many management accountants see the need for a change.
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