PARTICIPATORY BUDGETING: AN EFFECTIVE CONTROL TOOL FOR ATTAINING MANAGERIAL FUNCTIONS AND ORGANIZATIONAL CORPORATE GOALS.
ABSTRACT The need for participation by staff or subordinate managers in the budgetary processes and the use of budgeting as an effective control tool in any organization cannot Ā be Ā overĀ emphasized. Ā This Ā topicĀ was Ā chosen Ā because Ā ofĀ theĀ need Ā for increased participation in budgetary processes in order to nip in the bud the continued Ā adverseĀ budgetĀ varianceĀ andĀ nonĀ implementationĀ of budgetĀ figures. Obviously, full participation by users and implementers ...
Read more