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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

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

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

8

Strana od-do

1490-1497

Název nakladatele

Fakulta managementu a ekonomiky, UTB ve Zlíně

Místo vydání

Zlín

Místo konání akce

Zlín

Datum konání akce

23. 4. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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