Employees may manipulate the budge? As a manager how to prevent one department from manipulating the...

Employees may manipulate the budge? As a manager how to prevent one department from manipulating the budget to ensure the company's goals are maintained?

Expert Solution

Budget(in company terms) is an estimated amount prepared for the company to work and grow in the company in the coming years In companies a budget is an internal tool used by management.

Involves an expert team

During the preparation of the budget, we should include an expert team in the preparation of budget who had more experience in the firm and the employees who are trustworthy for the company. Thus they will be making the budget with there full determination and commitment.

Track everything

As a manager should track everything in the company that every single thing we thought we should have a track on the expert team in the preparation of the budget.

Communication with employees

We should have communication with employee thus if there is any chance of manipulation we can get it from the communication that we had with the employee.

The manager should be included in the expert team

As a manager, I should be also an part of expert team so that I will be always part of team is there is any manipulation we will be able to find it.

Proper planning

The budget should be prepared only in a well-planned manner thus as the budget is the phenomena that make the company work and grow in the coming years. Thus any manipulation can affect the company's overall working.

ekkarill92 answered 1 year ago

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