PREDICTABILITY OF INDIVIDUAL FACTORS WITHIN AN ENTERPRISE BUDGETING AND PLANNING SYSTEM - PRESENTATION OF SURVEY RESULTS

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F15%3A43873073" target="_blank" >RIV/70883521:28120/15:43873073 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
PREDICTABILITY OF INDIVIDUAL FACTORS WITHIN AN ENTERPRISE BUDGETING AND PLANNING SYSTEM - PRESENTATION OF SURVEY RESULTS
Original language description
This paper presents the initial results of a questionnaire focused on the ability of enterprises to forecast the behavior of the external environment and its influence on their budgeting processes. Traditional budgeting and planning systems have often been criticized for their inability to accurately predict the behavior of revenue streams, costs, profits, sales volumes and other indicators often affected by the behavior of the external environment. These budgets, based on annual accounting periods, frequently clash with a rapidly moving business environment and frequent changes in the market. The objective of the study presented herein was to obtain empirical evidence on the capability of Czech enterprises to predict the behavior of primary budgetaryelements, such as profits or sales volumes. The results of the study are based on a survey of 145 medium- and large-sized enterprises in the Czech Republic. The findings are compared with those of a similar study performed in the USA and
Czech name
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Czech description
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Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 7th International Scientific Conference Finance and the Performance of Firms in Science, Education and Practice
ISBN
978-80-7454-482-8
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
1490-1497
Publisher name
Fakulta managementu a ekonomiky, UTB ve Zlíně
Place of publication
Zlín
Event location
Zlín
Event date
Apr 23, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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