Behavioural Issues Within Budgeting
Date Submitted: 03/22/2004 11:51:45
Category: / Business & Economy / Accounting
Length: 6 pages (1574 words)
Category: / Business & Economy / Accounting
Length: 6 pages (1574 words)
Behavioural Issues in the Budgetary Control System
Objectives of Budgeting
Through budgeting organisations can provide information for strategic planning and control, these are the two main objectives of the budgetary control system. Management and management accountants must work together and operate a system that achieves these objectives, they do so through a system called variance analysis. Management accountants compare the actual results against the budgets; they then send reports to the management concerning the extent …
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…is useful in meeting those objectives
*Reduce the risk of unintended and undesirable behaviours.
REFERENCES
Drury, C. (2000) Management & Cost Accounting, 5th edition, Thomson Learning
Emmanual, C. Otley, D. Merchant, K. (1992) Readings in Accounting for Management Control, Chapman & Hall
Tayles, M. (01 Dec 1998) budgetary control - the organisational aspects
Available at: www.acca.com
[Accessed 7 April 2002]
Welsch, G.A. Hilton, R.W. Gordon, P.N. (1988) Budgeting - Profit Planning and Control, 5th edition, Prentice Hall
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