system features focus on advantages disadvantages (LIBS) -centered on objectives/nature of expenditure or purchased item/service (1920~30s) -control financial affairs -responsibility for accounting -clear responsibility on accounting -easier control on financing -rigidity -unclear performance/objective of expenditure performance budgeting system (PBS) -classifying business based on functions of business activities -detail business budget=item price*work hour -Truman(1950) -business centered -management centered -clear business goal -flexibility -unclear responsibility on accounting plan programming budgeting system(PPBS) -planning+budgeting -rational allocation of resources -Johnson(1965) planning centered "planningprogrammingbudgeting" -planning+budget -rational allocation of resources -remove barriers between organizations centralization of budget composition -difficulties on conversion work -top-down budget composition
what are the advantages and disadvantages of line item budgeting
What are the disadvantages of ppbs
I do not see any disadvantages in budgeting because it is a positive way in tracking your money. However, the only disadvantage I see is that if the person budgeting does not know how to handle money.
When it comes to planning programming and budgeting systems, there is one major advantage over alternative methods. That is the ability to integrate long range planning, execution, and budgeting for any system.
THE BENEFICIARY OF THE BUDGET WILL BE FORCED TO USE WITHIN THE CALENDAR YEAR AND WILL AND SHOULD TRY TO JUSTIFY THAT NEXT BUDGET SHOULD BE HIGHER.
what are the advantages and disadvantages of line item budgeting
what are the advantages and disadvantages of line item budgeting
Some of the advantages of incremental budgeting are that this type of budgeting is easy and quick. Some disadvantages of incremental budgeting are that different methods for achieving the objective may not be considered and if the budget is not fully spent it can be reduced during the next period.
What are the disadvantages of ppbs
Using budgeting, you can plan what money you have and where it will be spent. You can moderate where money can be spent and can provide bonuses if things go particularly. Also budgeting can motivate staff as it can be used for assessing performance in a department and measuring there success.
I do not see any disadvantages in budgeting because it is a positive way in tracking your money. However, the only disadvantage I see is that if the person budgeting does not know how to handle money.
Budgets can help you control spending and to gain a clear picture of your financial status. However, budgeting can take a lot of time, and errors can occur.
5 disadvantages of participative budgets
BLEH KENNA FUREZ ROBIN CHAN...................................................................................G BLEH KENNA FUREZ ROBIN CHAN...................................................................................G BLEH KENNA FUREZ ROBIN CHAN...................................................................................G
it focuses on potential results
Bottom-up budgeting as applied to project management has advantages. It ensures the resources are getting to the people actually doing the work of the project.
When it comes to planning programming and budgeting systems, there is one major advantage over alternative methods. That is the ability to integrate long range planning, execution, and budgeting for any system.