Annual Budgeting is a 'Must' for Any Organization
C.L. Kappagomtula, Professor, Malaysia, Member
One must understand, that any traditional budgeting is only like a navigational aid, and helps in staying on course without going astray.
All the weaknesses of traditional budgeting
pointed out are the contraints, that one has to deftly / cleverly wade through to stay on course. Organizations surely needs to plan their financial flows through the 'tool' of a well forecasted, articulated, and planned budgeting processes.