0
· Lack of Absolute accuracy: since budgets are projections and they are based on various assumptions. Budget estimates are therefore, devoid of absolute accuracy.
· Mere preparation of budget does not suffice the purpose unless the management at all levels the responsibility for achieving the departmental goals laid down in budgets.
Wiki User
∙ 12y ago
Wiki User
∙ 9y agoThere are little disadvantages to budgeting. One disadvantage is that it can be time consuming to come up with one.
Add your answer:
Earn +20 pts
What are the disadvantages of a line item budgeting system?
what are the advantages and disadvantages of line item budgeting
What are the disadvantages to budgeting?
I do not see any disadvantages in budgeting because it is a positive way in tracking your money. However, the only disadvantage I see is that if the person budgeting does not know how to handle money.
What are the disadvantages and advantages of Planning Programming Budgeting System?
What are the disadvantages of ppbs
What are the disadvantages of budgeting?
THE BENEFICIARY OF THE BUDGET WILL BE FORCED TO USE WITHIN THE CALENDAR YEAR AND WILL AND SHOULD TRY TO JUSTIFY THAT NEXT BUDGET SHOULD BE HIGHER.
What does the process of budgeting encompass?
what does the process of budgeting encompass? what does the process of budgeting encompass?
What are the disadvantages of a line item budgeting system?
what are the advantages and disadvantages of line item budgeting
What are the disadvantages to budgeting?
I do not see any disadvantages in budgeting because it is a positive way in tracking your money. However, the only disadvantage I see is that if the person budgeting does not know how to handle money.
What are the advantages and disadvantages of incremental budgeting?
Some of the advantages of incremental budgeting are that this type of budgeting is easy and quick. Some disadvantages of incremental budgeting are that different methods for achieving the objective may not be considered and if the budget is not fully spent it can be reduced during the next period.
What are the disadvantages of a line item budget?
what are the advantages and disadvantages of line item budgeting
Advantage and disadvantages of bottom top participative budgeting?
5 disadvantages of participative budgets
What are the disadvantages and advantages of Planning Programming Budgeting System?
What are the disadvantages of ppbs
What are the disadvantages of Activity Based Budgeting?
Time consuming to set up - have to understand the activities that drives the budgetCostly - buying, implementing and maintaining an activity based systemManagers may be overwhelmed with information - may be demotivating, rather than looking at the bigger pictureMore effective methods such as, zero based budgeting and continuous budgeting
What are the disadvantages of budgeting?
THE BENEFICIARY OF THE BUDGET WILL BE FORCED TO USE WITHIN THE CALENDAR YEAR AND WILL AND SHOULD TRY TO JUSTIFY THAT NEXT BUDGET SHOULD BE HIGHER.
What does the process of budgeting encompass?
what does the process of budgeting encompass? what does the process of budgeting encompass?
What are the advantages and disadvantages of a budget?
Budgets can help you control spending and to gain a clear picture of your financial status. However, budgeting can take a lot of time, and errors can occur.
What is rational budgeting?
budgeting that's rational
What is the definition of 'Marketing Budgeting'?
marketing budgeting
