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Advantages of participatory budgets, Managerial Accounting
Advantages of participatory budgets
Information from employees most recognizable with each unit’s needs and constraints is included.
Knowledge spread amongst numerous levels of management is pooled together.
Morale and motivation is improved
Acceptance and commitment to organization’s goals and objectives by operational managers is increased
Co-ordination between divisions is improved
Operating management are able to develop plans which tie in within organization goals and objectives
Specific resource requirement are included
Senior managers overview of the organization is mixed with operational level details
An expression of the expectation of both senior management and subordinate is provided.
Posted Date: 12/7/2012 8:06:00 AM | Location : United States
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