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 Somewhere between everything and nothing by Roman Hinka
Cover of the book Carlo Maderno: Santa Susanna by Roman Hinka
Cover of the book British Asians. The diaspora's relationship with their new homeland by Roman Hinka
Cover of the book IBM Pilot Head Office (Cosham, Hampshire, 1970-71) and IBM Technical Park (Greenford, Middlesex, 1975-1980) - Architecture as Part of the Market oriented Corporate Culture by Roman Hinka
Cover of the book Schapelle Corby - Australian media making a case by Roman Hinka
Cover of the book Die Zeitauffassung des Aurelius Augustinus by Roman Hinka
Cover of the book Das Kinder-College in Neuwied by Roman Hinka
Cover of the book The Critical Reception of Barack Obama in American Rap Music by Roman Hinka
Cover of the book How useful is a Study of the popular printed word in helping the historian understand popular culture in general? by Roman Hinka
Cover of the book The speech of Pope Urban II 1095 at Clermont in the versions of the Gesta Francorum and Baldric of Dol by Roman Hinka
Cover of the book Biblical parallels in Herman Melville´s Billy Budd, Sailor: An Inside Narrative by Roman Hinka
Cover of the book Social and sexual hierarchies: Male-female relationships in Arundhati Roy's 'The God of Small Things' by Roman Hinka
Cover of the book Edgar Allan Poe's Literary Theory and its Application in 'The Fall of the House of Usher' by Roman Hinka
Cover of the book Issues of Sexuality in 'Bram Stoker's Dracula' by Roman Hinka
Cover of the book English in South Africa 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