Week Two
Course Project
Tammy M. Smith
South University Online
Running head: WEEK TWO COURSE PROJECT 2
Case One
Participative budget: The budgeting approach in which managers prepare their own
budget estimate is called participatory budget. This approach is very important if the budget is to
be used to control and evaluate a manager’s performance. This is one of the most important
methods of budget preparation. Managers at all levels participate and co-ordinate in the
budgeting process.
Benefits:
1) Individuals at all levels of organization are recognized as members of the team whose review
and judgements are values by the top management.
2) Budget estimates prepared by front line managers can be more accurate than estimates
