Review the entire depth and breadth of the revenue cycle in figure 5.1. Are there any elements that appear unnecessary or extraneous? Which elements take the most time for the organization? Which take...

Review the entire depth and breadth of the revenue cycle in figure 5.1. Are there any elements that appear unnecessary or extraneous? Which elements take the most time for the organization? Which take the least? Why?

Discuss the most important steps in the operating budget process. Why are these more important than other steps? What impacts do they have on the timeliness, effectiveness, and quality of the budget?