Having two budgets as a company can be professional and strategic, depending on the specific circumstances and objectives of the organisation. It allows for more nuanced financial planning, better alignment with strategic goals, and improved management of departmental or operational complexities. However, it's important for companies to ensure consistency, transparency, and alignment between multiple budgets to avoid confusion and maintain accountability.
Budget preparation even if signed , in case of negative variance & reporting has always created a blaming others environment & hostile towards finance deptt. I have experienced in my 30 years exp. Hope will agree asking heart. Otherwise enjoyed your discussion. Tnx all.
Thank you very much for this information.
Having two budgets as a company can be professional and strategic, depending on the specific circumstances and objectives of the organisation. It allows for more nuanced financial planning, better alignment with strategic goals, and improved management of departmental or operational complexities. However, it's important for companies to ensure consistency, transparency, and alignment between multiple budgets to avoid confusion and maintain accountability.
Budget preparation even if signed , in case of negative variance & reporting has always created a blaming others environment & hostile towards finance deptt. I have experienced in my 30 years exp. Hope will agree asking heart. Otherwise enjoyed your discussion. Tnx all.