- Created by: Ben Walker
- Created on: 19-04-11 10:15
Benefits and Drawbacks of Using Budgets
Drawbacks of Budgets:
- They are difficult to monitor fairly. Senior managers will be less aware of detailed expenditure and costs, so they may rely on the honesty of the budget holder in explaining a department or sections budgeting needs.
- Allocations may be incorrect. Budgeting is based on predictions of future events. In all areas…