The budgeting approach in which managers prepare their own budget estimates is called self imposed budgeting or participatory budgeting. This is generally considered to be the most effective method of budget preparation. Managers at all levels participate and coordinate with each other in budgeting process.
While authoritative budgeting is top-down approach to setting budget. quicker to put together, but might not have employees support
managers prepare their own budget estimates is called self imposed budgeting or participatory budgeting. This is generally considered to be the most effective method of budget preparation. Managers at all levels participate and coordinate with each other in budgeting process.
While authoritative budgeting is top-down approach to setting budget. quicker to put together, but might not have employees support
