budgeting systems
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Identify the key advantages and disadvantages of a performance budgeting system, a program budgeting system, and a line-item budgeting system. About 200+ words.
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Solution Summary
Pros and cons of performance budgeting system, a program budgeting system, and a line-item budgeting system.
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Line item budgeting is the most commonly used of all budgeting systems. It involves the broad expenditure categories which make it simple to monitor revenues and expenditures. It is easy to prepare and doesn't require advanced financial skills. The line-item budget is straightforward, easy to to administer and readily understood by all interested parties. The disadvantages are that no method of ...
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