Many researchers praise the benefits of participative budgeting. Is
it wise to involve multiple parties at multiple levels in the
organization in the budget preparation process? Why or why not?
Embed
course material concepts, principles, and theories (which requires
supporting citations) along with at least one scholarly, peer-reviewed
reference supporting your answer. Keep in mind that these scholarly
references can be found in the Saudi Electronic Library by conducting an
advanced search specific to scholarly references.
You are
required to reply to at least two peer discussion question post answers
to this weekly discussion question and/or your instructor’s response to
your posting. These post replies need to be substantial and constructive
in nature. They should add to the content of the post and
evaluate/analyze that post answer. Normal course dialogue doesn’t
fulfill these two peer replies but is expected throughout the course.
Answering all course questions is also required.
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Learning Outcomes
- Explain the purposes of budgeting.
- Explain different approaches to budgeting.
- Prepare the master budget and subsidiary budgets.
Readings
Required:
- Chapter 8 in Managerial Accounting
- Libby, T., & Lindsay, R. M. (2019). The effects of superior trust and budget-based controls on budgetary gaming and budget value. Journal of Management Accounting Research, 31(3), 153–184. https://doi.org/10.2308/jmar-52238
Recommended
- Chapter 8 PowerPoint slides
in Managerial Accounting - Weiskirchner-Merten, K. (2020). Interdependence, participation, and coordination in the budgeting process. Business Research, 13(1), 247–274. https://doi.org/10.1007/s40685-019-0090-x
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