Explain what is meant by top-down budgeting and bottom-up budgeting. Explain whether both practices can be used

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Explain what is meant by top-down budgeting and bottom-up budgeting. Explain whether both practices can be used in the one budgeting system.

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Management Accounting Information for creating and managing value

ISBN: 978-1760420406

8th edition

Authors: Kim Langfield Smith, David Smith, Paul Andon, Ronald Hilton, Helen Thorne

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Question Posted: Aug 10, 2019 07:36 AM

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Explain what is meant by top-down budgeting and bottom-up budgeting. Explain whether both practices can be used

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Topdown budgeting describes the system where senior managers impose budget targets on more junior ma...View the full answer

Management Accounting Information for creating and managing value

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