The Role Of Participation In Budgeting
This is the first 1,000 characters of 2242 words (8.97 pages) in the essay titled The Role Of Participation In Budgeting
|The Role of Participation in Budgeting
The Role of Participation in Budgeting
Although participation in budgeting may enforce the managerial performance, it has constrains and can cause some problems as well. This article analyses the possible advantages and limitations of the role of participation in budget setting. In the next section, the possible merits of budgetary participation are demonstrated. This is followed by a section that explains the equivocation existing in the relationship between budgetary participation and performance. Then, in the following section, some negative effects on the application of participation in budgeting progress are illustrated. The final section is the conclusion of the study.
The Possible Advantages of Budgetary Participation
According to the definition of budgeting, it is the ¡®estimation of all income and expenses for an accounting period or financial forecasting, planning, and controlling¡¯. (http://www.yourwebas...
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