Before a manager finalizes the budget presentation to be made to the company budget committee:
1. Should budgets go through a chain-of-command review with one or more reviews, with the budget being returned to the manager for correction or changes; or should managers just submit their budget and leave it to the higher-ups to make changes? Please provide reasons in your response.
2. Who should be giving the manager feedback on his/her budget and offering or directing revisions: the manager's supervisor or some "pencil neck" in Finance? Do you and your boss need to be on the same page? Why is this important or not?