Asked by EMMANUEL ANSONG on Jun 25, 2024

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List the three important guidelines that should be followed in the budgeting process.

Budgeting Process

The procedure by which an organization estimates its future income and expenditures.

  • Acknowledge the critical role budgeting plays in organizational planning and monitoring, and pinpoint the diverse forms of budgets.
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CJ
Caleb JamiesonJun 29, 2024
Final Answer :
(1.)Employees affected by a budget should be consulted when it is prepared; (2.)The goals reflected in the budget should be attainable; (3.)Evaluations should be made carefully with opportunities to explain differences between actual and budgeted amounts.