This paper investigates current budgeting practices of Czech companies. The article aims to provide recent empirical evidence on the impact of business complexity on budgeting in the Czech Republic, with the main focus on modern budgeting methods. Despite the plethora of critical voices against...

The Harvard Institute for International Development provided consulting to government ministries in Kenya during the Daniel Arap Moi regime. This report was one of several that were prepared during that multi-year consultancy. It should be understood in the context of Kenya's development as a...

In the paper authors provide a detailed analysis of Russia's national budget. They focus on assumptions for 2010 budget policy during recovery stage. Main parameters of the federal budget for 2011-2013 are analyzed. They also provide fiscal policy developments

This paper deals with Russia's budget system, it provides analysis of main parameters of execution of the enlarged government budget. The authors also speak about the medium- and long term prospects of Russia's fiscal policy

The main purpose of the presented research was to investigate whether Slovene hotels that have a business strategy and strategic management accounting are more successful in comparison with those that still do not have a long-term business strategy and strategic management accounting. Hotels...

Accounting measures are traditionally considered not significant from an economic point of view. In particular, accounting rates of return are often regarded economically meaningless or, at the very best, poor surrogates for the IRR, which is held to be “the” economic yield. Likewise,...

Discounting of cash flow is the operation widespread in financial sector. But it is applied only to the corporate finance. In the article the opportunity of discounting of incomes and charges of the state budget is investigated. Besides in the article the opportunity of application of rules of...

Extensive prior research documents significant inefficiencies of corporate capital expenditures. However, a firm's internal investment decision process remains mostly a black box. Using manually collected data, we document significant variations in capital expenditure budget execution....

This study investigates the connection between private equity funds and business budgeting. The study is based on the data from SEAF South Balkan Fund B.V., a private equity fund, which, during the 2006 to 2010 period, analyzed 483 companies in Serbia. To that end, the first part of the study...

Accounting measures are traditionally matched against economic measures. For example, accounting rates of return (ARR) are usually considered poor surrogates of the “economic rate of return” and the residual income is sometimes criticized as being periodically inconsistent with the net...