Explain why it is important for an organization, a project, or a department to have a budget.

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Assignment Objectives

Course Objectives

Predict some budgeting issues, including format and budget monitoring.

Calculate the cost of capital, capital budgeting, debt instruments, and markets.

Tabulate the different kinds of budgets and the different budgeting techniques.

Differentiate budgeting operational plans, cost categories, and budgeting guidelines.

Conclude who should be involved in budgeting.

Explain why it is important for an organization, a project, or a department to have a budget.

Assignment Details

Deliverable Length:  3 paragraphs

How will accomplishing the above course objectives support your success in financial management? What risks or challenges might a financial manager encounter if they have not mastered these objectives? Explain.

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