Budgeting Process in the Business Environment

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F16%3A43874675" target="_blank" >RIV/70883521:28120/16:43874675 - 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
Budgeting Process in the Business Environment
Original language description
Budgeting is a managerial accounting tool which primarily focuses on the future. Traditional budgeting methods are widely used across many different businesses, however they remain the subject of much discussion among managers, economists and academics alike. Over the last few decades a growing scepticism can be observed with regards to the efficacy and poor adaptability of budgeting in the current business environment. The criticisms centre around the annual basis of budgets and the preference to use budgeting as a control tool. The introduction to this paper presents an overview of the trends within the discipline of budgeting on the basis of a literature review of publications and information garnered from scientific databases. The main part of the study presents the results of a survey focused on the budgeting process in the business environment. The sample consists of medium-sized and large Czech companies. The main objective of the survey was to assess the predictability of selected factors in the business environment through the budgeting process and to assess how effectively budgeting can adapt to market changes.
Czech name
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Czech description
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Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Conference Proceedings the 12th Annual International Bata Conference for Ph.D. Students and Young Researchers
ISBN
978-80-7454-592-4
ISSN
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e-ISSN
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Number of pages
7
Pages from-to
111-117
Publisher name
Univerzita Tomáše Bati ve Zlíně, Fakulta managementu a ekonomiky
Place of publication
Zlín
Event location
Zlín
Event date
Apr 28, 2016
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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