Explain using at least three examples why planning and budgeting are considered to be important control tools for the strategic financial management in the 21st century.

Planning and budgeting

 

Paper details:

TASK: Explain using at least three (3) examples why planning and budgeting are considered to be important control tools for the strategic financial management in the 21st century. What are the steps you should take to ensure that budgets are monitored effectively? Please see attached resources on planning and budgeting that can be used to support the writing. other resources can also be used.