The Budgeting Process Name Institution The Budgeting Process A budget is a vital tool that is used in controlling and planning a company’s operations. Due to its significance a budget is developed through a well-thought process that entails a lot of research and considerations (Lidia 2014). During the summer vacation involved parties should be given a chance to participate. References Lidia T.G. (2014). Difficulties of the Budgeting Process and Factors Leading to the Decision to Implement this Management Tool. Procedia Economics and Finance 15 466-473. Doi: 10. 1016/s2212-5671(14)00484-5 Top of Form Bottom of Form Top of Form Bottom of Form [...]
Have you ever been involved in the budget process at your organization? If so, describe your role and responsibilities. Do you think people at your level in the organization should provide budget inputs, and why or why not? What aspects of the budget process might you change where you work, or at home, if you had the opportunity? Embed course material concepts, principles, and theories, which require supporting citations, along with at least one scholarly-peer reviewed reference to support your answer unless the assignment calls for more. Keep in mind that these scholarly references can be found in the Saudi Electronic Library by conducting an advanced search specific to scholarly references.