Q – Outline the steps in preparing the budget.

Q – Outline the steps in preparing the budget. A – Identify the problem and uncertaintiesObtain informationMake predictions about the futureMake decisions by choosing among alternativesImplement the decision, evaluate performance, and learn Instructor’s Q – What types of things can you learn from preparing the budget?Criteria – If outside of our textbook, please provide your source or reference.Reference – Horngren, C. T., Datar, S.M., Foster, G., Rajan, M., & Ittner, C. (2009). Cost Accounting: A Managerial Emphasis (13th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.