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participative budget is also called bottom-up budget.
So, u just find the disadvantages of bottom-up budget.
1. slow
2.budget snack
3. Not setting budget in line with the aim of the firm
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∙ 12y ago
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Is the second phase of the budget process which involves congressional review and subcommittee debates concerning the President Budget?
Review and Enactment
What is the advantages and disadvantages of the rolling budget system?
What is the advantages and disadvantages of the rolling budget system?I would like to change the word "Rolling" to "Flex" and hope that my explanation will make more sense with this wording. A flex budget is one that will flex from zero as the set point (median) and then the budget will flex in 10% increments to 150% in the positive direction. On the other side of zero point the budget will flex in 10% increments down to 50%. The flex is all based upon sales volumes moving. The percentages of expenditure will remain the same (as far as a %) goes. Ultimately the dollar value will change but will always remain the same % of the sales flex. The disadvantage of this budget is the complexity that is required to set it up. Personally I would use nothing less...its awesome and works great. Good Luck. http://www.xsellence.com
What is the importance of a cash budget?
A cash budget is extremely important, especially for small businesses, because it allows a company to determine how much credit it can extend to customers before it begins to have liquidity problems. For individuals, creating a cash budget is a good method for determining where their cash is regularly being spent. This awareness can be beneficial because knowing the value of certain expenditures can yield opportunities for additional savings by cutting unnecessary costs. For example, without setting a cash budget, spending a dollar a day on a cup of coffee seems fairly unimpressive. However, upon setting a cash budget to account for regular annual cash expenditures, this seemingly small daily expenditure comes out to an annual total of $365, which may be better spent on other things. If you frequently visit specialty coffee shops, your annual expenditure will be substantially more
What is centrally planned democratic free economy?
A centrally planned democratic free economy is one whereby the budget making process involves everyone.
What are the problems of the top-down budgeting approach?
budgeting process are to more difficult to get buy in and leads to low level competition for larger shares of budget
Definition for the meaning of the budgeting process?
Refers to the process by which governments or organizations create and approve a budget. Budgeting is the setting of expenditure levels for each of an organizationâ??s functions.
When setting up a budget what do you need to keep in mind?
what do you need to keep in mind when setting up a budget
What are the disadvantages of a line item budget?
what are the advantages and disadvantages of line item budgeting
What is the definition of a budgeting process?
The definition of budgeting process is when governments create and approve a budget. Basically it's the setting of an expenditure with respect to the organizations core function which is responsible for the overall functionality of the firm.
What phase of the budget process produces the President's budget?
Budget
What does a budget process entail?
what does the budget entails
What should you do if your initial budget doesn't balance?
you restart setting up another budget
The federal budget process begins with?
The process of preparing a federal budget is first knowing what the budget is. The president then has to submit his budget requests to Congress.
Why is the budget review process necessary?
The budget review process is necessary as it scrutinizes a particular budget. This is aimed at ensuring that the budget is correct and it represents the needs of an organization in the best way possible.
What are the advantages and disadvantages of sales budget?
Advantages of a sales budget is that it can help businesses to reach a certain selling goal.
Illustrate by means of a diagram the budget planning process show clearly the difference between a functional budget and a financial budget?
iiiustrate by means of a diagram the budget planning process show clearly the difference between a functional budget and a financial budget
What does the budget process entail?
The budget process entails a great many different things. This process entails learning how to spend and distribute money for example.
