Budgeting has been criticized as: a cumbersome process that occupies considerable management time concentrating unduly

Question:

Budgeting has been criticized as:

• a cumbersome process that occupies considerable management time

• concentrating unduly on short-term financial control

• having undesirable effects on the motivation of managers

• emphasizing formal organization structure.

Required:

(a) Explain these criticisms.

(b) Explain what changes can be made in response to these criticisms to improve the budgeting process.

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Management Accounting For Business

ISBN: 9781138550650

8th Edition

Authors: Colin Drury, Mike Tayles

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Question Posted: Jun 04, 2024 01:07 AM

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Budgeting has been criticized as: a cumbersome process that occupies considerable management time concentrating unduly

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Management Accounting For Business

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