IMPROVING THE VALUE ADDED OF BUDGETING ACTIVITIES

LAVAL Valerian, West University of Timisoara, Timisoara, Romania

Abstract:
This paper aims to identify major deficiencies of contemporary budgeting by reviewing recent surveys. Based on this the paper will analyse and compare modern budget improvement concepts suggested in literature such as “better budgeting”, “advanced budgeting”, “modern budgeting” and the “10 theses for planning”. The potential impact of those concepts on the budgeting process will be evaluated. The expected result and contribution of this paper is to develop a harmonized synopsis of modern budgeting concepts making it more transparent for companies how to improve the value added of their budgeting activities.

Keywords: controlling, better budgeting, advanced budgeting, corporate planning

JEL Classification: M41

Volume: 68, Issue: 2

Pages: 7 - 21

Publication date: September, 2016

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/68201laval.pdf

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