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







Related Discussions:- Advantages of participatory budgets, Assignment Help, Ask Question on Advantages of participatory budgets, Get Answer, Expert's Help, Advantages of participatory budgets Discussions

Write discussion on Advantages of participatory budgets
Your posts are moderated
Related Questions
Ask question Toll House makes chocolate chip cookies. The cookies pass through three production processes: mixing the cookie dough, baking, and packaging. Toll House uses process c

FOR each of the following cases, indicate why management and the auditors determined that control deficiency was a material weakness. Case1. In our assessment of the effectiveness

Importance of a budget A Budget is a plan expressed in monetary terms. It is prepared prior to the budget period and may show income, expenses and the capital to be used i.e. a

Attributes of good information 1) Information is anything that is communicated and is sometimes said to be processed data. It is data processed in such a way as to be of meaning

Conduct a time series analysis base on the three years accounting ratios

Disadvantages of the cost accounting: 1. It is unnecessary: it is argued that maintenance of the cost records is not necessary and involves duplication of work. It is based o

Ross White's machine shop uses 2,500 brackets during the course of a year, and this usage is relatively constant by the year. These brackets are purchased from a supplier 100 miles

Question : (a) A company manufactures and sells two products A and B. Presently, it sells 600 units of A and 400 units of B at a price of £24 and £19 respectively. The unit

State the steps for Standard costing system standard costing system involves the following steps 1) Setting-up of standards for each element of cost: standards should be s

h. Production orders that had cost 450,000 to complete according to their job cost sheets were shipped to customers during the month. These goods were sold on account at 50% above