An exploratory study of operational reasons to budget
Budgets are used widely but criticized, mainly for performance evaluation reasons. We find that organizations regard budgets as more important for planning and control than evaluation, thus proposing a rationale for their continued use irrespective of evaluation-based criticisms. This finding is also important, because most extant budget research focuses on evaluation, suggesting a potential disconnect between budget research and practice. We also find that rolling forecasts are used in tandem with the annual budget in most organizations, and for the same reasons. This was unexpected, as coexistence suggests their adoption for different reasons. Copyright (c) The Authors. Journal compilation (c) 2009 AFAANZ.
Year of publication: |
2009
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Authors: | Sivabalan, Prabhu ; Booth, Peter ; Malmi, Teemu ; Brown, David A. |
Published in: |
Accounting and Finance. - Accounting and Finance Association of Australia and New Zealand - AFAANZ, ISSN 0810-5391. - Vol. 49.2009, 4, p. 849-871
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Publisher: |
Accounting and Finance Association of Australia and New Zealand - AFAANZ |
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