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It describes the importance of setting financial targets for revenue and costs, as well as the allocation of funds to individual departments to achieve strategic...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eThis video provides an in-depth explanation of budgeting in business. It describes the importance of setting financial targets for revenue and costs, as well as the allocation of funds to individual departments to achieve strategic objectives. The video explains two methods of budgeting: historical method and zero-based budgeting, as well as the importance of variance analysis in identifying weak spots in the budgeting system. 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