Question
A self-imposed budget is a method of preparing budgets in which the company allows the managers of the different departments to prepare their own budgets.
A self-imposed budget is a method of preparing budgets in which the company allows the managers of the different departments to prepare their own budgets. These budgets are then reviewed by upper level management. What are some of the pros & cons related to this type of budget preparation?
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Management Accounting
Authors: Will Seal, Carsten Rohde, Ray Garrison, Eric Noreen
6th Edition
0077185536, 978-0077185534
