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Why departments prepare their budgets when their budgets are to be reviewed and modified by BOD?

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Question added by Irfan Hamid ACCA
Date Posted: 2013/11/04
Khaled Abdelrehim ACCA DipIFR CMA
by Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

Participation?!!

Yes Brother Khaled participation will result in ownership of that budget. On the contrary if they are just given budget and their input is not included they will not own it hence will not be motivated to achieve the target.

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