The budget is generally created by senior management (CEO, COO, CFO)
Accountants have access to historic and current financial information, therefore the accounting team is typically involved in the budgeting process
Senior management often requires historical and current financial data to consider when drafting future budgets
As a junior accountant, your role in the budgeting process will be to:
- Assist the accounting team with finding historical financial data
- Summarize data into formats that are useful for management