Budgeting: Approaches and shortcomings

Business & Finance, Accounting, Financial
Cover of the book Budgeting: Approaches and shortcomings by Roman Hinka, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Roman Hinka ISBN: 9783638388450
Publisher: GRIN Publishing Publication: June 18, 2005
Imprint: GRIN Publishing Language: English
Author: Roman Hinka
ISBN: 9783638388450
Publisher: GRIN Publishing
Publication: June 18, 2005
Imprint: GRIN Publishing
Language: English

Seminar paper from the year 2005 in the subject Business economics - Controlling, grade: 2,0, European University Viadrina Frankfurt (Oder), 16 entries in the bibliography, language: English, abstract: The present paper purposes to highlight two most well known approaches to budgeting, specifically classical and zero-base budgeting. In last years there is much criticism blaming shortcomings of the both. However, such treatment seems to be biased without deep penetration in the nature of budgeting systems. The paper does not intend to summarise information about approaches to budgeting, but rather to explore system specific features that bring the shortcomings about. The paper is composed in the way not to contrast the approaches, that is to show the superiority of one of them, but to draw a profile of the approach with respect to selected criteria. The criteria, introduced in the first chapter, reflect major requirements to the budgeting systems from managerial point of view. They encompass integrity of budget allowances, adherence to strategy, impact on employees behaviour, flexibility and efficiency. Owing to scarce capacity the paper omits aspects specific to management and organization but still affecting the performance of the budgeting approaches. These are, for example, organization of planning process (bottom-up, top-down, etc), corporate culture, incentive structure, degree of activity formalization, management style, etc. The second and third chapter discuss instantaneously performance of classical and zero-base budgeting respectively. Analysis begins with brief description of most important features of the approaches and concentrates extensively on how respective approach meets the requirements. Finally, there will be discussed the most suitable type of production which makes up in part for disclosed shortcomings.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2005 in the subject Business economics - Controlling, grade: 2,0, European University Viadrina Frankfurt (Oder), 16 entries in the bibliography, language: English, abstract: The present paper purposes to highlight two most well known approaches to budgeting, specifically classical and zero-base budgeting. In last years there is much criticism blaming shortcomings of the both. However, such treatment seems to be biased without deep penetration in the nature of budgeting systems. The paper does not intend to summarise information about approaches to budgeting, but rather to explore system specific features that bring the shortcomings about. The paper is composed in the way not to contrast the approaches, that is to show the superiority of one of them, but to draw a profile of the approach with respect to selected criteria. The criteria, introduced in the first chapter, reflect major requirements to the budgeting systems from managerial point of view. They encompass integrity of budget allowances, adherence to strategy, impact on employees behaviour, flexibility and efficiency. Owing to scarce capacity the paper omits aspects specific to management and organization but still affecting the performance of the budgeting approaches. These are, for example, organization of planning process (bottom-up, top-down, etc), corporate culture, incentive structure, degree of activity formalization, management style, etc. The second and third chapter discuss instantaneously performance of classical and zero-base budgeting respectively. Analysis begins with brief description of most important features of the approaches and concentrates extensively on how respective approach meets the requirements. Finally, there will be discussed the most suitable type of production which makes up in part for disclosed shortcomings.

More books from GRIN Publishing

Cover of the book Wal-Mart case study - China operation by Roman Hinka
Cover of the book Language and Aboriginal Culture in Australia: Linguistic Imperialism of English or Language Ecology by Roman Hinka
Cover of the book Report on the Dutch economy by Roman Hinka
Cover of the book Global Transcriptional Responses of Fission Yeast to Glucose Starvation Stress by Roman Hinka
Cover of the book Global Brands & Culture by Roman Hinka
Cover of the book Explain carefully the rationale for the Taylor rule in monetary policy and discuss the extent to which modern central banks in major countries have been following Taylor rules by Roman Hinka
Cover of the book Counterinsurgency Vignettes by Roman Hinka
Cover of the book About: Kazuo Ishiguro: The Remains of the Day by Roman Hinka
Cover of the book Peut-on juger les Chefs d' État africains? by Roman Hinka
Cover of the book Development of a new competence and behaviour model for skills in working with people for project managers by Roman Hinka
Cover of the book Document Analysis of 'A History of Medieval Islam' by J.J. Saunders by Roman Hinka
Cover of the book Political philosophy of John Locke by Roman Hinka
Cover of the book The Integrity of the Game and Shareholdings in European Football Clubs by Roman Hinka
Cover of the book Rechtsfragen des Klonens menschlicher Embryonen by Roman Hinka
Cover of the book Just in Time: El sistema de producción Justo a Tiempo by Roman Hinka
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy