What is the difference between top-down budgeting and bottom-up budgeting concepts? When would you use one concept

Fantastic news! We've Found the answer you've been seeking!

Question:

What is the difference between top-down budgeting and bottom-up budgeting concepts? When would you use one concept versus another? Based on your experience, which one is more effective and why?

Related Book For answer-question

Core concepts of accounting information systems

ISBN: 978-1118742938

13th edition

Authors: Jacob M. Rose, Mark G. Simkin, Carolyn Strand Norman

See More Books

Posted Date: Jan 19, 2021 12:17 AM

See More Questions

What is the difference between assets being used up and expiring?
When does information search occur? What is the difference between internal and external information search?
What is an experience curve? What is the difference between economies of experience and economies of scale?
Best Buys GeekSquad performs computer and home theater installation and service, for an upfront flat price. How can Best Buy use a job order costing system?
A pair of random variables, (X, Y), is equally likely to fall anywhere within the region defined by |X| + |Y| 1. (a) Write the form of the joint PDF, fX,Y (x,y). (b) Find the marginal PDFs, fX (x)...
An auditorium measures 40.0 m X 20.0 m X 12.0 m. The density of air is 1.20 kg/m3. What are? (a) The volume of the room in cubic feet and (b) The weight of air in the room in pounds?
Following are selected questions from an internal control questionnaire relating to a company's personnel and payroll functions. A Yes response would indicate a potential strength of the system, and...
Krauss Companys income statement for the year ended December 31, 2008, contained the following condensed information. Krausss balance sheet contained the following comparative data at December 31....
1. Vector Review Draw each of the following vectors then find its x- and y-components. Vector d = (100 m, 45 degrees below +x-axis) Vector v = (300 m/s, 20 degrees above +x-axis Vector a = (5.0 m/s 2...
Peru Furniture City, Inc., sold $88,000 of furniture in May to customers who used their American Express Credit Cards. Such sales are subject to a 5% discount by American Express (a nonbank credit...
I need help solving this problem. Pls help me by answering and showing step by step. Problem 4: You are in an old spy movie, and have been locked into a small room (volume 1,000 ft). You suddenly...
If the MPS rises, then the MPC will: a. fall. b. rise. c. stay the same.
Provide three examples of how organizations can create continuous process flows to bring problems to the surface (principle 2).
Suppose that firms are expecting 6 percent inflation while workers are expecting 9 percent inflation. How much of a pay raise will workers demand if their goal is to maintain the purchasing power of...
Explain the elements of the CCCER/5C model.
Irving owns a chain of movie theaters. He is considering whether he should build a new theater downtown. The expected rate of return is 15 percent per year. He can borrow money at a 12 percent...
Describe two ways in which Agile may be an improvement from previous management theories we have covered, and explain why. List of previous management theories: -Bureaucratic Management Theory -Human...
Using a graphing utility, graph y = cot -1 x.
Why did we run out of addresses for the Internet? In the problems that follow, the number of different IP addresses that you can create with n bits is 2n. a. An IP address using IPv4 uses 32 bits....
What are the four basic components of an ERPs architecture? How do these components differ from a set of independent accounting systems for example, separate systems for accounts payable, accounts...
What controls must be used to protect data that is transmitted across wireless networks?
At a given point on the airfoil surface with very low speeds, the pressure coefficient is 0.3. If the Mach number of the free stream is 0.6, then CP calculated at this point is?
A two dimensional airfoil is placed in the air so that its lowest pressure point appears on the lower surface. The pressure coefficient at this point is 0.782 when far field Mach number is 0.3. Try...
At low speed Incompressible flow, the pressure coefficient at a given point on the wing is 0.54. When the free flow Mach number is 0.58, by use of (1) Prandtl-Glauert law (2) Karman-Qian law (3)...

What is the difference between top-down budgeting and bottom-up budgeting concepts? When would you use one concept

Question:

Expert Answer:

1 The difference between the two approaches are as follows Topdown budgeting In company budgeting a topdown method includes the senior administration crew growing highlevel finances for the complete o... View the full answer

Core concepts of accounting information systems

Students also viewed these banking questions