Participative budgeting

Participative budgeting is budgeting that involves the participation of many levels of management, 509 Payback period. The length of time it takes to recover, in net cash inflows, the cost of a capital outlay.

Definitions

According to Managerial Accounting by Braun, Tietz (5th edition),

Participative budgeting. Budgeting that involves the participation of many levels of management, 509 Payback period. The length of time it takes to recover, in net cash inflows, the cost of a capital outlay.