3 Better budgeting in recent years may have been seen as a movement from ‘increm
3 Better budgeting in recent years may have been seen as a movement from ‘incremental budgeting’ to alternative
budgeting approaches.
However, academic studies (e.g. Beyond Budgeting – Hope & Fraser) argue that the annual budget model may be
seen as (i) having a number of inherent weaknesses and (ii) acting as a barrier to the effective implementation of
alternative models for use in the accomplishment of strategic change.
Required:
(a) Identify and comment on FIVE inherent weaknesses of the annual budget model irrespective of the budgeting
approach that is applied. (8 marks)
正確答案：(a) The weaknesses of traditional budgeting processes include the following:– many commentators, including Hope and Fraser, contend that budgets prepared under traditional processes add littlevalue and require far too much valuable management time which w
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