Write about two drawbacks of traditional approaches (answer within 50 words)
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Among the most fervent opponents of a traditional budgeting approach are supporters of the Beyond Budgeting movement, who have listed several drawbacks of traditional budgeting.
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Inefficiency
Prone to data entry errors.
Version control issues.
Difficulty in devising accurate formulations.
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Two drawbacks of traditional approaches
Explanation:
- Among the most intense rivals of a customary traditinal approach are supporters of the Beyond Budgeting development, who have recorded a few downsides of conventional planning. Inclined to information passage blunders. Form control issues. Trouble in contriving precise details.
- traditinal approaches is a strategy for arrangement of the financial limit wherein a year ago's spending limit is taken as the base. Current year's spending limit is set up by making changes to earlier year's financial limit by modifying the costs dependent on the expansion rate, customer request, showcase circumstance, and so on.
learn more about traditional approaches:
Traditional approach of accountancy
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