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

Full Service Recourse Factoring : In this kind of factoring the client has to bear the risk of default made through the debtors. There the factor had advanced funds against book de

Stages of the suggestion system 1) Encouragement : in the first stage management should make every effort to help the workers provide suggestion no matter how primitive for th

What is behind the wave of mergers in the banking industry? A: Several economic factors have caused banking institutions to merge over the past several years. These factors inc

using the operating cycle and any other financial management knowledge,discuss the applicabilty of such cycle to poultry

THEORY OF METAGAMES This theory appears to describe how most people play non-zero sum games involving any number of persons. Prisoner's dilemma is an example of this; the ai

REGRESSION ANALYSIS A regression equation identifies an estimated relationship between a dependent variable (the cost) and one or more independent variables (the cost driver).

The Pinewood Furniture Company Pty Ltd plans to design two lines of chairs in the coming year-lounge and patio. The company is considering introducing an activity-based costing sys

Compute the Expected Return and Risk of a Portfolio? The subsequent data are presented to you as a portfolio manager Security Expected Return