Solution Identify conflicts that can occur with management control systems and how these could be resolved or minimized

Since budgetary process involves entire organization and its functions, conflicts often arise among different functions. The objective of budgeting is not to get functions work in isolation. Rather budget should be goal congruent meaning all functional budgets should be in harmony with the overall business strategy and mission of the management. Below are few examples of how conflicts can arise and how to minimize them:

Please click the paypal icon below to receive CMI Level 5, Unit 5007V1-Organisational Financial Management Assessment in full for only $15