Can be difficult to explain to the general public o What is the difference between the. There are two main responsibilities for successful budgetary management. 7 Different Approaches To Budgeting Abudget is a quantitative plan used as a tool for deciding which activities will. . Top-Down Approach It is called top-down approach because the budgets are made by the top executed and then the money is passed down the line to various departments. A flexible budget is a budget prepared with the costbehaviour of all cost elements known and classified as either fixed. Management Accounting is in disarray with competing approaches techniques and. A budget should describe managements assumptions relating to. It makes possible the submission andIt makes possible the submission and consideration of the budget for a shorterconsideration of the budget for a shorter length of. Top management sets the spending limit. A fi...
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