3 Better budgeting in recent years may have been seen as a movement from ‘increm
3 Better budgeting in recent years may have been seen as a movement from ‘incremental budgeting’ to alternative
budgeting approaches.
However, academic studies (e.g. Beyond Budgeting – Hope & Fraser) argue that the annual budget model may be
seen as (i) having a number of inherent weaknesses and (ii) acting as a barrier to the effective implementation of
alternative models for use in the accomplishment of strategic change.
Required:
(a) Identify and comment on FIVE inherent weaknesses of the annual budget model irrespective of the budgeting
approach that is applied. (8 marks)
正確答案:(a) The weaknesses of traditional budgeting processes include the following:– many commentators, including Hope and Fraser, contend that budgets prepared under traditional processes add littlevalue and require far too much valuable management time which w
詞條內(nèi)容僅供參考,如果您需要解決具體問題
(尤其在法律、醫(yī)學(xué)等領(lǐng)域),建議您咨詢相關(guān)領(lǐng)域?qū)I(yè)人士。