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Answer the following question in your own words. Your answer must have a 150 minimum word...

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Finance

Answer the following question in your own words. Your answermust have a 150 minimum word count:

  • Describe the differences between top-down and bottom-upbudgeting.

Answer & Explanation Solved by verified expert
4.4 Ratings (908 Votes)
Topdown Budgeting Topdown budgeting is a budgeting method in which senior management develops a highlevel budget for the company Once the toplevel numbers are created amounts are allocated to individual functions or departments that must create a detailed budget with their allocation Bottomup budgeting Bottomup budgeting is a bit different than the traditional budgeting model with which you might be more familiar Bottomup budgeting sometimes referred to as participative budgeting because of the participation required at all levels starts with a list of things individual departments want or plan to do such as projects assigns a cost to each project and then totals up all the    See Answer
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Answer the following question in your own words. Your answermust have a 150 minimum word count:Describe the differences between top-down and bottom-upbudgeting.

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