Question: Using the existing budget, create a new budget for the next fiscal year. Set out the details of all assumptions you needed in order to

Using the existing budget, create a new budget for the next fiscal year. Set out the details of all assumptions you needed in order to build this budget.

Use the Checklist for Building a Budget (Exhibit 152) and critique your own effort.

Use the Checklist for Reviewing a Budget (Exhibit 151) and critique the existing budget.

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