When dealing with numbers, there is always the likelihood that the financial data will be inaccurate. When there is incorrect data, this can lead to the decision maker not making the appropriate decision. Decisions made by administrators have an impact on many people. What is one way to ensure that an administrator receives accurate data? As we have discovered during the last eight weeks, the budget process usually includes analyzing prior year budgets. How can reviewing the previous year's budgets have an impact on future budgets?

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Ensuring Accurate Data for Better Administrative Decisions Inaccurate financial data can lead to disastrous consequences for organizations and the peo... View the full answer