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Identifying the key advantages and disadvantages of a performance budgeting system a program budgeting system and a line-item budgeting system.?
system features focus on advantages disadvantages (LIBS) -centered on objectives/nature of expenditure or purchased item/service (1920~30s) -control financial affairs -responsibility for accounting -clear responsibility on accounting -easier control on financing -rigidity -unclear performance/objective of expenditure performance budgeting system (PBS) -classifying business based on functions of business activities -detail business budget=item price*work hour -Truman(1950) -business centered -management centered -clear business goal -flexibility -unclear responsibility on accounting plan programming budgeting system(PPBS) -planning+budgeting -rational allocation of resources -Johnson(1965) planning centered "planningprogrammingbudgeting" -planning+budget -rational allocation of resources -remove barriers between organizations centralization of budget composition -difficulties on conversion work -top-down budget composition
What help line agencies meet their goals by advising budgeting planning and managing?
Marginal bureaucracies
Advantages and disadvantages of line organization?
A line organization a business structure with self-contained departments. Some advantages are its simplicity, unified control and flexibility. Some disadvantages are overloading and lack of specialization.
How can I effectively pay back a Home Equity Line of Credit (HELOC)?
To effectively pay back a Home Equity Line of Credit (HELOC), make regular payments on time, pay more than the minimum if possible, and avoid using the credit line for unnecessary expenses. Additionally, consider creating a repayment plan and budgeting to ensure you can comfortably manage the payments.
What are the disadvantages of line organization?
Disadvantages of Line Organization1. Over reliance- The line executive's decisions are implemented to the bottom. This results in overlying on the line officials.2. Lack of specialization- A line organization flows in a scalar chain from top to bottom and there is no scope for specialized functions. For example, expert advices whatever decisions are taken by line managers are implemented in the same way.3. Inadequate communication- The policies and strategies which are framed by the top authority are carried out in the same way. This leaves no scope for communication from the other end. The complaints and suggestions of lower authority are not communicated back to the top authority. So there is one way communication.4. Lack of Coordination- Whatever decisions are taken by the line officials, in certain situations wrong decisions, are carried down and implemented in the same way. Therefore, the degree of effective co- ordination is less.5. Authority leadership- The line officials have tendency to misuse their authority positions. This leads to autocratic leadership and monopoly in the concern.
What are the disadvantages of a line item budget?
what are the advantages and disadvantages of line item budgeting
Identifying the key advantages and disadvantages of a performance budgeting system a program budgeting system and a line-item budgeting system.?
system features focus on advantages disadvantages (LIBS) -centered on objectives/nature of expenditure or purchased item/service (1920~30s) -control financial affairs -responsibility for accounting -clear responsibility on accounting -easier control on financing -rigidity -unclear performance/objective of expenditure performance budgeting system (PBS) -classifying business based on functions of business activities -detail business budget=item price*work hour -Truman(1950) -business centered -management centered -clear business goal -flexibility -unclear responsibility on accounting plan programming budgeting system(PPBS) -planning+budgeting -rational allocation of resources -Johnson(1965) planning centered "planningprogrammingbudgeting" -planning+budget -rational allocation of resources -remove barriers between organizations centralization of budget composition -difficulties on conversion work -top-down budget composition
What are the major features of traditional budgeting system?
The major features of traditional budgeting system include incremental budgeting based on previous year's budget, top-down approach where targets are set by senior management, detailed line-item budgets for each department, and annual budget cycles.
Advantages and disadvantages of line item budgeting system?
Line item budgeting offers the advantage of simplicity and detailed tracking, allowing organizations to monitor specific expenditures and maintain control over individual line items. This method enhances accountability and transparency, making it easier to identify areas for cost reduction. However, its rigidity can limit flexibility, as it often does not accommodate changing priorities or unforeseen expenses. Additionally, focusing solely on line items may lead to a lack of strategic planning and hinder long-term financial goals.
What organizations use line-item budget?
Line-item budgets are commonly used by government agencies, educational institutions, and non-profit organizations. These entities utilize line-item budgeting to allocate funds for specific categories or items, facilitating easier tracking and accountability of expenditures. It is particularly effective in environments where funding sources are restricted, ensuring that resources are spent according to predefined categories. Additionally, businesses may adopt line-item budgets for project management and financial planning purposes.
Advantages of line-item Budgets?
Line-item budgets offer clear, detailed tracking of expenditures, allowing organizations to monitor spending against specific categories. This transparency facilitates accountability and ensures that funds are allocated appropriately. Additionally, it simplifies the budgeting process by providing a structured format, making it easier to identify areas for cost-cutting or reallocation. Ultimately, line-item budgets enhance financial planning and oversight, contributing to more effective resource management.
What is the lowest risk in terms of capital budgeting?
adding to a product line.
What is line item?
The line item veto is used only in budget bills
Disadvantages of online processing?
disadvantages of on line processing?
What is the current status of the line-item veto?
The line item veto has little chance of passing.
Which help line agencies meet their goals by advising budgeting planning and?
staff agencies
What does a line item veto allow a governor to do?
The line item veto is used only in budget bills
