Participative Budget Definition:

A method of preparing budgets in which managers prepare their own budgets. These budgets are then reviewed by the manager’s supervisor, and any issues are resolved by mutual agreement. See Self-imposed budget.

Other Related Accounting Articles:

• Self-Imposed Budget Definition
• Participative Budgeting or Self Imposed Budgeting
• Budget Committee
• Sales Budget
• Master Budget
• Budgeted Income Statement
• Clone Fund
• Managed Accounts
• Production Budget
• Tax Efficient Fund