The Budget Process :Finance Homework Help by classof1.com
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The Budget Process:
The budget combined with individual objectives or targets provides the basis on which employees need to be motivated and stretched. In the absence of such a structure, spending may become higher than necessary and the extra effort required to help bring in the required revenue may not be made. As the budget can be seen as a constraint on a department’s or an individual’s activities, it may not always be warmly embraced.
The Budget Process:
The budget combined with individual objectives or targets provides the basis on which employees need to be motivated and stretched. In the absence of such a structure, spending may become higher than necessary and the extra effort required to help bring in the required revenue may not be made. As the budget can be seen as a constraint on a department’s or an individual’s activities, it may not always be warmly embraced.