Publication: Modern methods used in performance-based budgeting
Date
Journal Title
Journal ISSN
Volume Title
Publisher
ASEM
Abstract
Description
GRAUR, Anatol, JIERI, Nicolai, MIHAILA, Anastasia. Modern methods used in performance-based budgeting. In: Prospects of accounting development: the young researcher's view [online]: international scientific student conference, November 22, 2017: Collection of articles. Chişinău: ASEM, 2018, pp. 174-178. ISBN 978-9975-75-895-6.
In this article, the authors main objective is to discuss the modern instruments of the budgeting process within a company - as an important phenomenon for each entity which has implemented a functional system of financial control. However, any entity has the right to choose which method is more efficient for managing its profits, expenses, and revenues. The authors will try to describe every way of budgeting emphasizing the advantages and weaknesses that the practitioners could encounter while implementing each method. JEL: M40, M21
In this article, the authors main objective is to discuss the modern instruments of the budgeting process within a company - as an important phenomenon for each entity which has implemented a functional system of financial control. However, any entity has the right to choose which method is more efficient for managing its profits, expenses, and revenues. The authors will try to describe every way of budgeting emphasizing the advantages and weaknesses that the practitioners could encounter while implementing each method. JEL: M40, M21
Keywords
budget, financial instrument, planning, economic advantage, financial control, strategy, financial management