Solution-Explain whether the companys budget process

Explain whether the companys budget process

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Reference no: EM131691272

On October 1, 2016, the manager of a company's Southeast region received the annual e-mail from the budget office. It was time to prepare the 2017 budget. Included in the e-mail were instructions that the manager should estimate the revenues and expenses his region would report for 2017. Anything greater than a 5% deviation from last year's budget would need to be explained, though there was no indication that the budgeted numbers wouldn't be accepted.

1) Explain whether the company's budget process in top-down or bottom-up?

2) List two advantages and two disadvantages of using the approach that you selected.

Reference no: EM131691272

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Explain whether the companys budget process

Reference no: EM131691272

Reference no: EM131691272

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