Cutting Slack in Ireland
A study of budgeting in four Irish businesses provides some interesting insights into controlling budgetary slack. It appears that one of the best ways to control budgetary slack is to have management accountants who fully understand the operational side of the business.
Participative Budgeting or Self Imposed Budgeting: Learning Objective of the article: Define and explain the term “self imposed or participative budgeting” in managerial accounting. Explain the importance and use of a participative or self imposed budget in business. What are advantages and disadvantages of