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Thanks guys for this very informative episode. As a business controller considering to move into CFO services space, this offered very relevant content. Great to hear Michael’s views on this.
Having two budgets as a company can be professional and strategic, depending on the specific circumstances and objectives of the organisation. It allows for more nuanced financial planning, better alignment with strategic goals, and improved management of departmental or operational complexities. However, it's important for companies to ensure consistency, transparency, and alignment between multiple budgets to avoid confusion and maintain accountability.