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Write a note on the advantages and limitations of budgeting?

Accounting Cost Accounting Financial Accounting Financial Management Bank Accounting
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Question added by Badruddien Gismallah Ali Abdurahman , مدير مالي واداري , شركة العواد للاستثمار والتطوير
Date Posted: 2014/11/20
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Omar Rashad Abdel salam ahmed
by Omar Rashad Abdel salam ahmed , General Accountant , Almajal Holding - http://almajalholding.com.sa/

cost control-percentage of achievements 

Frank Mwansa
by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

Advantages of budgeting

1. coordinate activities

2. compel planning

 3.communicate ideas and plans

4. ensure the achievement of the organisational goals

5 establish a system of control

disadvantages

1 time consuming in preparing them

2 difficult to estimate revenue and expense

3 too rigid

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