Why Is It That "The Largest Determining Factor of the Size

question 77

Short Answer

Why is it that "the largest determining factor of the size and content of this year's budget is last year's"?

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Definitions:

General Ledger

A comprehensive record of all financial transactions occurring within a company, organized by account, used to compile financial statements.

Control Accounts

General ledger accounts that summarize the details of a subsidiary ledger, facilitating the consolidation and reporting process.

Enterprise Resource Planning

A type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, and manufacturing.

Human Resource Management

A function in organizations designed to maximize employee performance in service of an employer's strategic objectives.