The top-down budgeting form of budgeting has the advantage of using individuals closer to the work to provide estimates of resource requirements.
Top-down budgeting refers to a kind of budget allocation in which government leadership and senior control set excessive-level budgets based totally on company objectives. once approved, control “pushes down” the price range to branch heads, who communicate it to their group contributors.
In the top-down making of plans, departments must generate budgets within the constraints set forth by way of senior leadership. In a backside-up price range, departments create their very own budget estimates and ship them to senior management. the two strategies are the two maximum widely followed types of budgeting.
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