Question

Do you think people at your level in the organization should provide budget inputs, and why or why not?

Stage 1 : What is Budget

Planning is the way toward making an arrangement to spend your cash. This spending plan is known as a financial plan. Making this spending plan enables you to decide ahead of time whether you will have enough cash to do the things you have to do or might want to do.

Stage 2 : Need of Budget

Financial plan guarantees that you will dependably have enough cash for the things you need and things that are vital to you. Regardless of whether you don't have enough cash to do all that you might want to do, at that point you can utilize this arranging procedure to organize your spending and concentrate your cash on the things that are most vital to you. Following a spending will likewise keep you out of obligation or help you work out of obligation in the event that you are right now owing debtors.

Stage 3 : Roles and Responsibilities in the spending procedure

I have associated with planning process at home commonly. It was for the buy of various furniture for my home. In the spending procedure as a matter of first importance the goal is characterized that what is required and afterward estimations of spending plan depend on past encounters and someone else's encounters. The spending procedure in association is additionally wide in light of the fact that in the association a colossal number of costs are required for which an ideal spending plan is important.

In the spending procedure of an association diverse offices are relegated spending plan for their pertinent exercises, hence the duty of planning of different divisions are given to their separate heads and jobs of each individual is characterized so all people will work with shared objective of setting up an ideal spending plan.

Answer 1

In an organization , there are primarily two levels- the management level and the operational level. I am currently at the operational level. A budget is a financial plan for an organization. The top management is extremely interested in the budget numbers to know how the future looks for the organization.

As far as the operational level is concerned, it is knowledgeable about the requirements of the company. The people who actually work on the ground level know how much revenue will be earned and how much expenditure shall be incurred. They are aware of what the company can acheive realistically. Hence, I strongly believe that people at my level in the organization should give budget inputs.