An effective budget converts the goals and objectives of an organization into data. The budget serves as
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Required:
1. Discuss the behavioral implications of planning and control when a company’s management employs:
a. An imposed budgetary approach
b. A participative budgetary approach
2. Communications plays an important role in the budgetary process whether a participative or an imposed budgetary approach is used.
a. Discuss the differences between communication flows in these two budgetary approaches.
b. Discuss the behavioral implications associated with the communication process for each of the budgetary approaches.
(CMA adapted)
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Related Book For
Cost Management Accounting and Control
ISBN: 978-0324559675
6th Edition
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
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