The assignment is research based debate: answer not found in one source or textbook.
Word count should reflect the usual +/- 10%
Avoid straightforward advantages and disadvantages: that will be deemed too ‘descriptive’.
Be analytical and critical.
Think about what is ‘traditional budgeting’: not clearly defined but may include incremental budgeting, static budget comparisons with actual results: wrong?
Introduce the role of flexible budgeting and other more progressive budgeting like ABB. ZBB and Kaizen budget but be critical as you make the propositions.
The can be various things you may add in between- no fixed answer but a clear structure is very important as it will tell a paint picture.
Evaluate the reasons leading to the extended use of the budget through quarterly reporting etc.
Any more sustainable basis for budgeting and evaluate whether the budget should be discarded or not.
This is ONLY a GUIDE and by no means exhaustive or an answer to the essay.
You need at least 15-20 good journal articles which means a good student will probably research about 25-30 articles before narrowing down to the most important.
Don’t cheat or pad your references. We shall find you out.
Please accept this blanket message as response to your queries about assignment 2 as I have limited internet access for the next few days.
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