Budgeting and Beyond

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Budgeting and Beyond

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dc.contributor.author Rohde, Carsten
dc.date.accessioned 2011-11-25
dc.date.accessioned 2011-12-13T07:27:29Z
dc.date.available 2011-12-13T07:27:29Z
dc.date.issued 2011-12-13
dc.identifier.uri http://hdl.handle.net/10398/8373
dc.description.abstract Budgets and budget control has been known since the early 19th century1. However the use of budget control was until the beginning of the 1920ies in US primarily related to governmental units and states and to a minor extent to business units in practice. At that time James McKinsey describes budgetary control as involving the following2: 1. The statement of the plans of all the departments of the business for a certain period of time in the form of estimates 2. The coordination of these estimates into a well-balanced program for the business as a whole. 3. The preparation of reports showing a comparison between the actual and the estimated performance, and the revision of the original plans when these reports show that such a revision is necessary. As can be seen from the statement budgetary control includes at the same time a planning and coordination mechanism for actions and performance ex ante as well as a control mechanism ex post through a comparison between estimated and actual plans and performance. en_US
dc.format.extent 72 en_US
dc.language eng en_US
dc.title Budgeting and Beyond en_US
dc.type wp en_US
dc.accessionstatus modt11dec13 lbjl en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Institut for Regnskab og Revision en_US
dc.contributor.departmentshort RR en_US
dc.contributor.departmentuk Department of Accounting and Auditing en_US
dc.contributor.departmentukshort AA en_US
dc.idnumber x656316410 en_US
dc.publisher.city Frederiksberg en_US
dc.publisher.year 2011 en_US


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