Banking

Corporate Budgeting Process Pros And Cons

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Executive Summary

Each department gets a say in the corporate budgeting process. This might make the company more responsive to individual departments' needs, and it might make department managers feel better about their role in the organization. At the end of the year, you can compare actual hard financial numbers to the budgets and easily determine whether departments did what they were supposed to do (at least in terms of spending), according to the corporate budgeting process.

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