Reference no: EM132996576

How can employees be engaged in the preparation of financial reports, allowing details to be easily disseminated among team members?

Please refer to below when answering this question.

My answer...It should be communicated down through management and given them the opportunity to contribute. Performance measures should also be incorporated into their job descriptions to drive processes through the business.

My Trainer feedback

Please expand. Remember the guidelines that should be followed if budgeting is to serve effectively as a source of motivation and information include:

Employees who will be affected by a budget should be consulted when the budget is prepared and should be kept up to date with regard to monitoring.

Objectives reflected in a budget should be obtainable-they must be realistic-and clearly communicated.

Subsequent evaluations of performance should be made carefully with opportunities to explain apparent deficiencies.

Please hence discuss this in future detail, and please ensure you reference your answer