Attached. Please let me know if you have any questions or need revisions.1Participative Budgeting ProcessStudent’s NameDepartment, UniversityCourse Name: Course CodeProfessor’s NameDate2Participative Budgeting ProcessIt is wise to use participative budgeting. Participative budgeting encompassesdepartmental managers’ inclusion in the entire process of budgeting (Kahar, Rohman, & Chariri,2016). Staff from various departments present their views to the finance department’s head forconsideration in making the budget. The company benefits heavily from the inclusion ofsubordinates and other departments in the key function. The efficiency of budgeting, increasedaccountability, employees’ motivation, and goal congruence are some key reasons to supportparticipative budgeting.Benefits of Participative BudgetingEnhances EfficiencyParticipative budgeting enhances efficiency in the process of budgeting. Departmentalmanagers and employees are mindful of estimates o…
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