Below is a list of 6 Budget Weaknesses. Assume you are a Manager and explain to your team why some of these weaknesses will create problems not only to the accounts department, by also to your department, and your current projects.

• Managerial Goals are off-target or unrealistic
• Management is indecisive
• The budget takes too long to prepare
• Budget preparers do not keep current
• The budget is prepared using different methods/products each year
• There is a lack of communication between those involved in budgeting and operating personnel