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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