Please enable JavaScript.
Coggle requires JavaScript to display documents.
Chapter 5: Various budget Models, Drawbacks of TBS, Advantages:,…
-
Drawbacks of TBS
-
Information presented in the budget expenditure does not state clearly the purpose of the current and future utilization of resources
Oriented more towards providing a framework of financial information that complies with legal requirements rather than providing useful management-type information
Budget document are too bulky and long because they comprise all detail information of what they have bought for all categories
Advantages:
-
Systematic & continuous performance evaluation furnish information for future planning & decision making
-
-