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A company does not prepare yearly budget. What is the Pros and Cons for such a company?

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Question ajoutée par Junaid Aziz Bhatti , Project Coordinator , AMA Est.
Date de publication: 2014/02/26
Rakesh Chauhan
par Rakesh Chauhan , Finance Associate - North & East India , Thermo Fisher Scientific - Life Technologies

Pros

There is not target to achieve so enjoy

At last not data for  analysis so enjoy

 

Cons

Difficult to allocation of funds

 

Difficult to take any decision

Sameer Khan
par Sameer Khan , Financial Accountant , Centro Salama by Rotana

Cons

Not proplery plans for contingency's.

High risk for allocating funds where they shouldn't be.

 

Pros

Less time and moiney spent on budget allocating.

Best for seasonal and highly uncertain industry.

Muhammad Sohail Anwar
par Muhammad Sohail Anwar , Finance Manager , The Food Concepts

+vesFreewheeling opportunisam,Flexibility in execution for desired results,Varitey of alternate business plans can be incorporated.

-vesEconomic benefits can not be quantified.Lack of goal orientation lack of motivation.

jahangir ali
par jahangir ali , assistant accountant , MS enterprises

+it will not limit the growth of the co. up to the budget

+it is just like a ruber stamp approach because many co.s not follow budget properlly so waste of time&cost

-nobody will be ready to take any responsibility at failiur.

-target will not set so organisation achievement will be a question for employees.

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