Budgeting Systems As Management Tool For European Small And Medium Sized Businesses
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Budgeting Systems As Management Tool For European Small And Medium Sized Businesses
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Author : Otto Stammermann
language : en
Publisher:
Release Date : 2015-04-27
Budgeting Systems As Management Tool For European Small And Medium Sized Businesses written by Otto Stammermann and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-04-27 with categories.
Document from the year 2011 in the subject Business economics - Investment and Finance, language: English, abstract: Nowadays' enterprises are subject to continual change; internal and external changes hitting the enterprise require a large amount of flexibility to be able to keep their market position in the long run. Past experience has shown that especially small and medium sized businesses had not prepared themselves well enough for the turbulent and discontinuous environmental changes. Looking at globalization and the present economical recession, the pressure on small and medium sized businesses rises continually. In the Federal Republic of Germany, the entirety of medium sized businesses play a vital role with respect to macroeconomics. The few empirical examinations on the status quo concerning the application of business-management methods, in particular application of planning systems in small and medium sized businesses make it clear that systematic planning and application of business-management methods in those enterprises is insufficient. In particular enterprises with a turnover of up to 10 m. Euro have shown considerable deficits regarding the application of business-management methods used for running an enterprise.
Budgetary Control
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Author : European Productivity Agency
language : en
Publisher:
Release Date : 1959
Budgetary Control written by European Productivity Agency and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1959 with Budget categories.
Planning And Budgeting For The Agile Enterprise
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Author : Richard Barrett
language : en
Publisher: Elsevier
Release Date : 2007-07-11
Planning And Budgeting For The Agile Enterprise written by Richard Barrett and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-07-11 with Business & Economics categories.
Planning and budgeting is one of the hottest topics in accounting; global spending on budgeting software is booming and is predicted to continue to grow throughout this decade. It's big business. This book focuses on 'Driver-Based' budgeting (ie using external and internal non-financial drivers to predict live item expenses). The book shows the benefits that Driver-Based Budgeting brings and as such is a 'tool kit for change'. Case studies and worked examples are used throughout to ensure understanding, as well as checklists on implementation issues. • Transform the process of implementing new budgeting software with Driver-Based Budgeting • Shows how organizations can slash the time and cost involved in preparing their annual budget • Accountants learn how to manage uncertainty and quickly assess the impact of both internal and external changes
Are Traditional Budgeting Practices Out Of Kilter With Companies Competitive Environment
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Author : Sven Röhm
language : en
Publisher: GRIN Verlag
Release Date : 2007-09
Are Traditional Budgeting Practices Out Of Kilter With Companies Competitive Environment written by Sven Röhm and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-09 with Business & Economics categories.
Essay from the year 2004 in the subject Business economics - Controlling, grade: 80% quivalent zu 1,0 (A), University of Teesside (Tesside Business School), course: Managing Financial Resources, language: English, abstract: Hope and Fraser (2002) argue that traditional budgeting is "out of kilter with companies'] competitive environment". Indeed, traditional budgeting has faced harsh criticism in the recent years. Eye-catching titles, e.g. 'The budget - an unnecessary evil' (Wallander, 1999), 'Bye, bye budget - the annual budget is dead' (Gurton, 1999), and 'Take it away' (Hope and Fraser, 1999b) show the "anti"- traditional budgeting campaign led by some critics. According to Hope and Fraser (1999a), some big European and American companies have dismantled the budget or are about to do so. It seems that the theoretical debate increasingly changes the companies' attitudes towards the traditional budgeting. Especially some Scandinavian companies head for new forms of operational and strategic control means, e.g. balanced scorecards. About 40 per cent of Swedish companies stated in a survey that they already work on changes to the budgeting process (Glader et al., 1996). Above all, rolling forecasts should play a more important role in the future, raising the responsiveness to changing external factors. According to Hope and Fraser (2003) only 20 per cent of organisations change their budget within the fiscal year. This rigidity is not up-to-date to the fast-changing competitive economy. Therefore rolling forecasts could be more effective for observing and controlling short-term changes. This paper will primarily deal with the criticism on traditional budgeting, especially in relation to Hope and Fraser's assertion. Furthermore, this paper examines whether there is an impact of the above noted campaign on economy, and companies increasingly abandon its budgeting systems due to the criticisms.
Budgetary Control
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Author : T. Bak Jensen
language : en
Publisher:
Release Date : 1959
Budgetary Control written by T. Bak Jensen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1959 with categories.
Benefits Of A A Budget System Traditional Budgetary Systems Versus Rolling Budgets Zero Based Budgets And Activity Based Budgets
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Author : Silvia Stamenova
language : en
Publisher: GRIN Verlag
Release Date : 2018-06-12
Benefits Of A A Budget System Traditional Budgetary Systems Versus Rolling Budgets Zero Based Budgets And Activity Based Budgets written by Silvia Stamenova and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-12 with Business & Economics categories.
Academic Paper from the year 2017 in the subject Business economics - General, grade: 5.50, Anglia Ruskin University, language: English, abstract: Budgeting is one of the most important areas of company’s activity, being highly susceptible to challenges in the business medium. Thus, this report outlines the benefits from having a budget system, as well as the positives of the budget process to the development of the company. However, even traditional budgeting system has its negatives for the company; it does not inspire change, the method does not offer incentives, inspires expenses at any price, without the absolute necessity of performing them. Importantly, an analysis of the suitability of the incremental budgeting system within the context of the industry UniDate operates into has been made.
Budgetary Control
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Author : T. Bak Jensen
language : en
Publisher:
Release Date : 1959
Budgetary Control written by T. Bak Jensen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1959 with categories.
Information Systems For Small And Medium Sized Enterprises
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Author : Jan Devos
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-10-04
Information Systems For Small And Medium Sized Enterprises written by Jan Devos and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-04 with Business & Economics categories.
This book establishes and explores existing and emerging theories on Small and Medium-sized Enterprises (SMEs) and the adoption of IT/IS. It presents the latest empirical research findings in that area of IS research and explores new technologies and practices. The book is written for researchers and professionals working in the field of IS research or the research of SMEs. Moreover, the book will be a reference for researchers, professionals and students in management information systems science and related fields.
Budgeting
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Author : Roman Hinka
language : en
Publisher: GRIN Verlag
Release Date : 2007-12
Budgeting written by Roman Hinka and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12 with Business & Economics categories.
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.
Budgeting Practice And Organisational Structure
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Author : David Dugdale
language : en
Publisher: Elsevier
Release Date : 2010-01-18
Budgeting Practice And Organisational Structure written by David Dugdale and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01-18 with Business & Economics categories.
Budgeting is at the heart of the performance management process for most companies. However, some argue that many companies today are dissatisfied with budgeting. It is seen to be costly and time-consuming; it inhibits action and causes organisational problems. The influence of the "Beyond Budgeting" model has caused many major companies, including Toyota, to abandon traditional budgeting altogether. Should other companies follow suit? Budgeting Practice and Organisational Structure explores the changes in budgeting through a survey of financial and non-financial managers. Concerns include: The attitudes of managers towards budgeting models How budgetary practices have changed What problems budgeting can cause The effects of budgets on overall company performance. This report reveals that there’s little evidence to suggest widespread dissatisfaction with traditional budgeting. However, to enable a company to perform at its best, understanding budgeting in context is essential and it is imperative that budgeting works in tandem with other control systems and organisational structure. Original research funded by the Chartered Institute of Management Accounting Reveals the realities of budgeting models in practice Includes interviews and surveys of actual businesses