Discussion: Managerial Accounting
Budgeting Concepts and Process
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?
Directions:
- Embed course material concepts, principles, and theories, which require supporting citations along with at least one scholarly peer reviewed reference in supporting your answer unless the discussion calls for more.
- Follow APA style guidelines.
Required readings:
- Chapter 8 in Managerial Accounting(attached)
- 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
- 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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