BUDGET PRACTICE, CONTROL AND PROBLEMS articles
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i am on a 400 points challenge.. so i have no time answer.. plz forgive me...
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In more detail, the problems with budgeting include the following:
Inaccuracy. ...
Rigid decision making. ...
Time required. ...
Gaming the system. ...
Blame for outcomes. ...
Expense allocations. ...
Use it or lose it. ...
Only considers financial outcomes.
Explanation:
Inaccurate or unreasonable assumptions can quickly make a budget unrealistic. Budgets can lead to inflexibility in decision-making. Budgets need to be changed as circumstances change. Budgeting is a time consuming process – in large businesses, whole departments are sometimes dedicated to budget setting and control.
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