Disadvantages of Budgeting in Managerial Accounting скачать в хорошем качестве

Disadvantages of Budgeting in Managerial Accounting

This video discusses several disadvantages of budgeting in Managerial Accounting. While budgeting helps the company with planning and control, it has several important disadvantages. The budgeting process is time-consuming and may lead to disagreements between managers who are competing for resources. Budgeting may also result in biased forecasts if managers attempt to build slack into budgets. Budgets can also be inaccurate, lead to rigid decision-making (e.g., a company turning down an attractive investment opportunity because it's not in the budget that was created at the start of the period), and foster a use-it-or-lose-it mentality (e.g., at the end of a period, a manager might spend money because that money, if not spent, won't carry over to the next period). — Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education accessible to all people. — SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS & OTHER FREE GUIDES http://eepurl.com/dIaa5z — MICHAEL’S STORY https://www.edspira.com/about/ — LISTEN TO THE SCHEME PODCAST Apple Podcasts: https://podcasts.apple.com/us/podcast... Spotify: https://open.spotify.com/show/4WaNTqV... Website: https://www.edspira.com/podcast-2/ — CONNECT WITH EDSPIRA Website: https://www.edspira.com Instagram:   / edspiradotcom   LinkedIn:   / edspira   Facebook:   / edspira   Reddit:   / edspira   *TikTok:   / edspira   — CONNECT WITH MICHAEL LinkedIn:   / prof-michael-mclaughlin   Twitter:   / prof_mclaughlin   Instagram:   / prof_mclaughlin   Snapchat:   / prof_mclaughlin   *TikTok:   / prof_mclaughlin   — HIRE MCLAUGHLIN CPA Website: http://www.MichaelMcLaughlin.com/hire-me