Question: The budget process is often iterative and may involve a first, second, and even third round of discussions and updates with department managers/senior management. Given

The budget process is often iterative and may involve a first, second, and even third round of discussions and updates with department managers/senior management. Given this situation, what could we do from an organizational standpoint to effectively keep track of all these changes andwhy is it important to build a flexible budget template?

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