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Hi sir,
1. may I know what are the objectives of
budgeting process? (10marks)
2. What are the benefits and disadvantages of management participation in budget setting? (10marks)
Thankss sirFirstly, I explain all of this in my free lectures on budgeting, and you cannot expect me to type out all of my lectures here.
The lectures are a complete free course for Paper PM and cover everything needed to be able to pass the exam well.Secondly, since you have put marks against the two questions, you are presumably looking at a question in a book. Unless you have been set this as a test (and we certainly do not do your homework for you 🙂 ) you must have an answer in the same book in which you found the question!!
Sorry sir, the marks are just an assumption.
I have watched ur lectures video and study the lectures notes.However,
I am just wondering about whether the objectives of BUDGETING PROCESS is it the same with objectives of BUDGETING?For example, the objectives of BUDGETING PROCESS are to compel planning, communicate the ideas and plans to the employees, coordinate the activities??
OR
It will be like to estimate the budgeted production volume, estimate the sales volume, estimate how much materials are needed to use and purchase?
Thanks you a lot
Strictly the objects of the process are those you listed before the word ‘OR’, whereas the object of budgeting in general is both those listed and also the planning as to how much materials are needed etc..
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