1
Q
Budgeting steps
A
PRIME
Planning
Responsibility
Integration
Motivation
Evaluation and control
2
Q
Types of participation in the budget process?
A
Top down
Bottom up
Negotiated
3
Q
Types of budget systems?
A
Incremental-adding a percentage
Zero based-starting at nil
Rolling-amending each month
Activity based-allocating costs
Priority based-growth and savings
Contingency based-incorporating risk
