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Hi John!
In your lectures on top up budgeting, you’ve said that budgets are prepared by seniors.
However, TUB also says that divisions or departments are then required to prepare a budget that is consistent with the budget imposed.1. My issue is that who prepares the budget? Senior or junior or both?
I have know idea who TUB is !!!
With top-down budgeting the budget is imposed by top management and it is therefore they who ultimately prepare it. Obviously they may take input from junior managers, but it is the responsibility of top management to prepare it, and the responsibility of junior managers to implement it.
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