Answer to Question #54112 in Other Economics for cr7
1. Describe who else you will talk to in order to set the sales assumption forecast. How will you document this? How is the sales budget used to build the other budgets?
2. Who is responsible and what standards for negotiations should be set during budget meetings with the managers and CEO?
1. You may talk to the production manager and logistics manager in order to set the sales assumption forecast and calculate other transporting and production costs and document this. The sales budget is the primary budget, because only after calculating sales we can deduct all the costs from them, so it is used to build the other budgets.
2. The company and its managers are responsible for all the procedure and the international accounting standards set the standards and rules for negotiations during budget meetings with the managers and CEO.
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