ACC 561 Week 6 Discussion: Budgetary Planning and Control
Discussion Topic for ACC 561 Week 6 Discussion
Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students or your faculty member.
We are at the last week! In the long run, top-down budgets do not satisfy shareholders as well as those that use a bottom up approach. In the short run, they do maximize returns to shareholders. Having said that, research suggests that if only accounting measures are used, without also measuring other performance against goals, then a bottom-up budgeting process works no better or worse than a top-down approach.
Why would the connection to goals and other measurements matter as they appear to?
Reply to at least 2 of your classmates. Be constructive and professional in your responses.
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