After spending about a quarter in the budgeting exercise, when you submit the budget to higher-ups, you receive a response in no time, that the budget needs to be reduced. If reduction was the plan in the first place, why did they ask you to struggle and spend a whole quarter in coming up with an elaborate and detailed budget?
The context of power and the ability to exercise power comes from the literature of IFRS 10 � Consolidated Financial Statements. It is important for Finance & Accounting professionals to understand the finer differences.
Let�s try and understand why customers delay payment? In this article you will read fathomable reasons and how to deal with the same.