This a discussion board post and does not need a cover page. 1-3 paragraphs are fine as long as it’s at least 300 words. Please provide at least 1 reference.
Assignment Details
Efficient and effective use of limited resources is the key to success in today’s economy. Assisting in the budget planning process is a major task for managerial accountants.
• All organizations have limited resources, but whom in the organization should be involved in the budgeting process?
• Discuss the pros and cons of the two basic philosophies that organizations should follow to plan and develop their budgets.