(Drury) The Budgeting Process - Administration of the budgeting process - The budget committee
3 important questions on (Drury) The Budgeting Process - Administration of the budgeting process - The budget committee
What are the tasks of the budget committee?
To ensure that budgets are
1. realistic
2. coordinated satisfactorily
1. realistic
2. coordinated satisfactorily
Who else should approve the budget?
The person whose performance is being measured, they have to say whether the (revised) budget can be achieved, or it will not act as a motivational device.
What is the role of a budget officer?
Normally represented by the accountant.
He has to coordinate the individual budgets into a budget for the whole organization, so that the budget committee and budgetees can see the impact of an individual budget on the organization as a whole.
He has to coordinate the individual budgets into a budget for the whole organization, so that the budget committee and budgetees can see the impact of an individual budget on the organization as a whole.
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