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Participative Budgeting.edited

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Accounting
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Saudi electronic university
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Running head: PARTICIPATIVE BUDGETING 1
Participative Budgeting
Student’s Name
Institutional Affiliation

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PARTICIPATIVE BUDGETING 2
Participative Budgeting
Participative Budgeting is a type of financial planning approach that takes subordinates in
the methodology of a judgment call and capital budgeting and takes on all project-related roles
and responsibilities. So that workforce can be involved in the government budget and feel a
sense of equity and a more significant stake in the company, allowing them to express their
experiences and participate in procurement freely. Participative Budgeting is a systematic way in
which top executives share the spending discovery burden with lower positions because lower-
level executives are better able to provide specific real photos. More than senior managers at the
field level, such as resource distribution, budget preparation time, and stumbling blocks related
to the field. (Libby, 2019) Which party is drafting the Budgeting and who will implement the
budget has an impact on both parties. It entails the cooperation of all workers to create a budget
that is both fair and realistic.
Benefits of Participative Budgeting
The communication process from subordinates to superiors, higher work contentment for
the lower, fiscal accountability, and team effectiveness benefit Participatory Budgeting. Several
of the benefits of Participatory Budgeting is the process of sending info from subordinated to
supervisor. Employees can communicate directly with their superiors and discuss organizational
concerns to share knowledge and ideas, solve difficulties, and unify future points of view. When
combined with large tasks, information exchange is vital; the more complicated the job, the
higher the necessity for subordinated consultations.
Establishment of Business

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Running head: PARTICIPATIVE BUDGETING Participative Budgeting Student’s Name Institutional Affiliation 1 PARTICIPATIVE BUDGETING 2 Participative Budgeting Participative Budgeting is a type of financial planning approach that takes subordinates in the methodology of a judgment call and capital budgeting and takes on all project-related roles and responsibilities. So that workforce can be involved in the government budget and feel a sense of equity and a more significant stake in the company, allowing them to express their experiences and participate in procurement freely. Participative Budgeting is a systematic way in which top executives share the spending discovery burden with lower positions because lowerlevel executives are better able to provide specific real photos. More than senior managers at the field level, such as resource distribution, budget preparation time, and stumbling blocks related to the field. (Libby, 2019) Which party is drafting the Budgeting and who will implement the budget has an impact on both parties. It entails the cooperation of all workers to create a budget that is both fair and realistic. Benefits of Participative Budgeting The communication process from subordinates to superiors, higher work contentment for the lower, fiscal accountability, and team effectiveness benefit Participatory Budgeting. Several of the benefits of Participatory Budgeting is the process of sending info from subordinated to supervisor. Employees can communicate d ...
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