Organizational Budgeting Process
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An Organizational Budgeting Process is a budgeting process that is an organizational process (to solve an organizational budgeting task).
- Context:
- It can range from being a Top-Down Organizational Budgeting Process to being a Bottom-Up Organizational Budgeting Process.
- Example(s):
- Counter-Example(s):
- See: Project Plan, Budgeting Task.
References
2015
- http://www.principlesofaccounting.com/chapter21/chapter21.html
- QUOTE: … The budget construction process will normally follow the organizational chart. Each component of the entity will be involved in preparing budget information relative to its unit. This information is successively compiled together as it is passed through the organization until an overall budget plan is achieved. But, beyond the data compilation, there is a critical difference in how budgets are actually developed among different organizations. Some entities follow a top-down, or mandated approach. Others utilize a bottom-up, or participative philosophy. ...