Top-down budgeting or bottom-up budgeting

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1. Why are planning and budgeting so important to an organization’s success?

2. Which do you believe is a better approach and why: top-down budgeting or bottom-up budgeting?

3. How would you train non-financial managers on budget preparation? What teaching methods would you use? How would you teach budgeting processes AND software skills? For this course we use excel but there are MANY financial software packages used in the healthcare industry.