Question: Before a manager finalizes the budget presentation to be made to the company budget committee: 1. Should budgets go through a chain-of-command review with one

Before a manager finalizes the budget presentation to be made to the company budget committee: 1. Should budgets go through a chain-of-command review with one or more reviews, with the budget being returned to the manager for correction or changes; or should managers just submit their budget and leave it to the higher-ups to make changes? Please provide reasons in your response. 2. Who should be giving the manager feedback on his/her budget and offering or directing revisions: the manager's supervisor or some "pencil neck" in Finance? Do you and your boss need to be on the same page? Why is this important or not?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

32 I need a summary of this, thanks in advance! Accountants debate whether these distinctions are still meaningful ones. Increasingly, for instance, labor is becoming a fixed rather than a variable...

i got 7 questions in the assignment in the PDF file on P16-17 They are all about the case story The total of the words are 1500 words without any format QUEENSLAND UNIVERSITY OF TECHNOLOGY QUT...

Apollo case studies the question is on page 44 Apollo case studies the question is on page 44 Apollo case studies the question is on page 44 APOLLO SHOES, INC. An Audit Case to Accompany AUDITING AND...

Write an engagement letter of no more than 1,050 words for a Section 404 audit of Apollo Shoes. Assume that Apollo Shoes is a publicly traded company for which the SEC requires an audit of internal...

Howard county Meryland Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2012 1-Does the government have revenue bonds outstanding that are related to business-type activities?...

Hello, having trouble putting my PROJECT 1 assignment together and need assistance with creating an outline. I have attached the PROJECT 1 assignement and another document for this inquiry. Thanks...

In August 1993, Louis Friedman, president and chief operating officer of Peterson Industries, reflected on the decisionmaking process at Peterson: In the last few years I think we've seen a real...

MGMT 56035 Case Assignmeat 3 Lynn at Big Oil Company "What a dayt" Lynn said to herself with a small sigh of contentment as she scanned Tuesday's 'to-do' list on her smartphone. While waiting for the...

question 2.Elaborate on risk assessment as per the Task Initiation Procedure (TIP) and oversight processes TETRA TECH EC AND RISK MANAGEMENT As Don Rogers, chief operating officer of the remediation...

Q-1 Read the case properly and elaborate on risk assessment and Link your analysis to Don Rogers feeling about Tetra Techs risk. What has Tetra Tech done to overcome the difficulties associated with...

f(x) = 2x + 3 and g(x) = 3x - 5. For each of the above sums of functions, graph each component piece. Compute the values at x = -2, x = -1, x = 0, x = 1, and x = 2 and plot the sum.

We are evaluating a project that costs $724,000, has a useful life of eight years, and has no salvage value.Assume that depreciation is straight-line to zero over the life of the project.Sales are...

A bond point is equal to which of the following? A 1 % of a bond's market volue 1 % of a bond's foce value 1 % of a bond's coupon rate . 0 1 % of a bond's yield

A random sample of 43 biology students in a science program are selected for a study. Of those selected, only 27 passed the mid term exam. At the 5% significance level, is there sufficient evidence...

8-11 This project will help develop your Internet skills in using the Web to research and evaluate security outsourcing services. You have been asked to help your companys management decide whether...

8-6 Who poses the biggest security threat: insiders or outsiders?

8-12 In MyMISLab, you will find a Collaboration and Teamwork Project dealing with the concepts in this chapter. You will be able to use Google Drive, Google Docs, Google Sites, Google+, or other open...