Why is circulating a written draft budget an effective method of presenting recommendations to the management team? - How can you ensure the final budget is completed within designated timelines? - What must you do once the budget is finalised? - List three examples of the type of information you should provide to colleagues after finalising the budget. - What are the five steps followed when monitoring and reviewing budgets. - A business's laundry costs are $1,450 below budget. What is a possible cause for this deviation? (List 3 reasons) - Briefly explain how the features and functions of accounting software programs assist you in managing budgets