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 hascaused many major companies, including Toyota, to abandon traditional budgeting altogether. Should other companies follow suit?This report explores the changes in budgeting through a survey of financial and non-financial managers. Concerns include:The attitudes of managers towards budgeting modelsHow budgetarypractices have changedWhat problems budgeting can causeThe effects of budgetson 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 contextis 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
- ISBN: 978-0-08-096590-1
- Editorial: Elsevier
- Encuadernacion: Rústica
- Páginas: 224
- Fecha Publicación: 18/01/2010
- Nº Volúmenes: 1
- Idioma: Inglés