Budgeting: A practical approach

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Focusing on the practical application of budgeting, this guide emphasizes understanding budgets as a cohesive system. It teaches readers to utilize identified formulas for developing comprehensive budget systems and conducting effective sensitivity analysis, enhancing financial decision-making. While it may lack theoretical depth, the authors leverage their pedagogical expertise and private sector experience to provide a highly applicable resource, distinguishing it from more theoretical texts. This approach aims to equip students with the skills needed for real-world budgeting challenges.