Many researchers praise the benefits of participative budgeting. Is it wise to involve multiple parties at multiple levels in the organization in the budget preparation process? Why or why not?

Embed course material concepts, principles, and theories (which requires supporting citations) along with at least one scholarly, peer-reviewed reference supporting your answer. Keep in mind that these scholarly references can be found in the Saudi Electronic Library by conducting an advanced search specific to scholarly references.

You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.

 Required:

• Chapter 8 in Managerial Accounting
• Libby, T., & Lindsay, R. M. (2019). The effects of superior trust and budget-based controls on budgetary gaming and budget value. Journal of Management Accounting Research, 31(3), 153–184. https://doi.org/10.2308/jmar-52238
• Weiskirchner-Merten, K. (2020). Interdependence, participation, and coordination in the budgeting process. Business Research, 13(1), 247–274. https://doi.org/10.1007/s40685-019-0090-x