ARE THE TRADITIONAL BUDGETS STILL PREVALENT: THE SURVEY OF THE CZECH FIRMS BUDGETING PRACTICES

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F15%3A43873867" target="_blank" >RIV/70883521:28120/15:43873867 - 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
ARE THE TRADITIONAL BUDGETS STILL PREVALENT: THE SURVEY OF THE CZECH FIRMS BUDGETING PRACTICES
Original language description
Traditional budgeting and planning methods have been widely used as one of the fundamental management techniques across different types of organizations. In last two decades, managers and academics observed the growing dissatisfaction with these traditional budgeting concepts, which are based on annual bases and control functions. Traditional budgeting methods are very often criticized for the inflexibility and strong focus on resource allocation. Criticism was focused as well on the problems related with the use of tradition budgets as a tool of management control. Many research studies points at the necessity of adopting more sophisticated budgeting methods, which could contribute to better performance management and control of business organizations. Current trends lie in adopting flexible, decentralized budgeting systems that are focused on the use of key performance indicators (KPI). The paper presents the results of the survey of Czech enterprise budgeting practices. The objectiv
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
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Project
<a href="/en/project/GP14-21654P" target="_blank" >GP14-21654P: Variability of Cost Groups and its Projection in the Costing System in Manufacturing Enterprises</a><br>
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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