ACC 4100 SU WK 2 The State Budget Process Government Discussion

Question Description

Im studying for my Accounting class and need an explanation.

Watch The State Budget Process and then please respond to the following:

After watching the steps in the budgeting process summarized in the NASBO presentation, analyze why the variances reported in the final budget-to-actual comparisons may not be valuable in revealing the reliability of the budget estimates made at the start of the year. Why do you speculate this to be true?

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