Role and Effects of Budgeting in Managerial Practice

Business & Finance, Finance & Investing, Finance
Cover of the book Role and Effects of Budgeting in Managerial Practice by Christoph Butz, GRIN Verlag
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Christoph Butz ISBN: 9783640979387
Publisher: GRIN Verlag Publication: August 8, 2011
Imprint: GRIN Verlag Language: English
Author: Christoph Butz
ISBN: 9783640979387
Publisher: GRIN Verlag
Publication: August 8, 2011
Imprint: GRIN Verlag
Language: English

Seminar paper from the year 2010 in the subject Business economics - Investment and Finance, grade: 1,0, Maastricht University, course: Management Accounting, language: English, abstract: Budgeting is a major area of management accounting and receives a lot of interest from researchers who mainly concentrate their studies on the design of budget schemes and the process of setting budgets. Concerning the use in practice, a survey of senior managers in 219 publicly traded firms indicated that '75 percent thought of the budgetary process as a managerial rather than an accounting function' (Zimmerman, 2009, p. 250). However, the effects of budgets and budget processes on managerial performance and effort are still not clear. This paper aims at providing an overview of a collection of recent research papers to investigate how different types of budgets influence managerial behavior and performance and what implications these findings have for managerial practice. Therefore, in the first section the general role of budgeting in organizations will be described. Next, different types of budgets and budget levels are introduced and their effects on managerial behavior and performance will be examined. Finally, several implications of those effects for managerial practice will be given, before a conclusion wraps up the main points of this report.

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

Seminar paper from the year 2010 in the subject Business economics - Investment and Finance, grade: 1,0, Maastricht University, course: Management Accounting, language: English, abstract: Budgeting is a major area of management accounting and receives a lot of interest from researchers who mainly concentrate their studies on the design of budget schemes and the process of setting budgets. Concerning the use in practice, a survey of senior managers in 219 publicly traded firms indicated that '75 percent thought of the budgetary process as a managerial rather than an accounting function' (Zimmerman, 2009, p. 250). However, the effects of budgets and budget processes on managerial performance and effort are still not clear. This paper aims at providing an overview of a collection of recent research papers to investigate how different types of budgets influence managerial behavior and performance and what implications these findings have for managerial practice. Therefore, in the first section the general role of budgeting in organizations will be described. Next, different types of budgets and budget levels are introduced and their effects on managerial behavior and performance will be examined. Finally, several implications of those effects for managerial practice will be given, before a conclusion wraps up the main points of this report.

More books from GRIN Verlag

Cover of the book Entwicklung und soziale Kontexte des englischen Oratoriums im 18. und 19. Jahrhundert by Christoph Butz
Cover of the book Das Verfahren der Produktdefiniton im Rahmen der Leistungsorientierten Haushaltswirtschaft Niedersachsen by Christoph Butz
Cover of the book Der kulturelle Kontext von Angehörigen des Gewaltmonopols by Christoph Butz
Cover of the book Schutz der Aktiengesellschaft vor Berufsklägern by Christoph Butz
Cover of the book Der Fall Kostantinopels 1453 by Christoph Butz
Cover of the book Rating - Darstellung und Analyse aus Anleger- und Emittentensicht by Christoph Butz
Cover of the book Die deutsche Konsensdemokratie by Christoph Butz
Cover of the book Supply Chain Controlling by Christoph Butz
Cover of the book The Demarcation of Inflection and Derivation by Christoph Butz
Cover of the book Analyse des Branchenstrukturmodells nach Michael E. Porter by Christoph Butz
Cover of the book Traum und Wirklichkeit in Arthur Schnitzlers 'Traumnovelle' by Christoph Butz
Cover of the book Die Wirkung der Laokoon-Statue auf die Kunsthistoriker, insbesondere auf Lessing by Christoph Butz
Cover of the book Störungen im Bereich der visuellen Wahrnehmung by Christoph Butz
Cover of the book Die publizistischen Grundsätze - Moral vs. Realität by Christoph Butz
Cover of the book Das Klima in Europa (7. Klasse) - Unterrichtsbesuch by Christoph Butz
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