To make budgeting an effective management exercise, it is important for the controller to prepare budgeting guidelines and to communicate them to operating managers.

Question

Quizplus · Accepted Answer

Providing budgeting guidelines and communicating them to operating managers ensures that everyone involved in the budgeting process understands the objectives, procedures, and constraints, leading to a more effective and cohesive management exercise.

To Make Budgeting an Effective Management Exercise, It Is Important