budgeting

  • Created by: s.tread
  • Created on: 28-03-19 09:15
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  • budgeting
    • benefits
      • target setting
      • improved planning
      • control
      • monitoring and calculations of variances
      • communication
      • co-ordination between departments and employees
      • improved decision making
    • limitations
      • inaccurate figures likely
      • restrictive
      • demotivate staff
      • time consuming to set up and monitor
      • increase cost and more so when computerized

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