A college is preparing its budget for 2012. In previous years the director of the college has prepared the college budget without the participation of senior staff and presented it to the college board for approval.

Last year the college board criticised the director over the lack of participation of his senior staff in the preparation of the budget for 2011 and requested that for the 2012 budget the senior staff were to be involved.

Required:

Discuss the potential advantages and disadvantages to the college of involving the senior staff in the budget preparation process.