Need help with my Accounting question – I’m studying for my class.
Opponents of the traditional budgeting process argue that the process has to serve too many purposes to be useful in any one particular discipline-allocating resources, financial planning, performance management, and setting operational targets. They also argue that because meeting budgets are often tied to compensation packages, there are often negotiations and biases during the budgeting process, and ethical dilemmas arise.
- Counter these points with at least two of the value-added aspects of traditional budgeting for your response.
Your document should be 350-500 words and plus references.