{"product_id":"role-and-effects-of-budgeting-in-managerial-practice-von-christoph-butz","title":"Role and Effects of Budgeting in Managerial Practice","description":"\u003cp\u003eSeminar paper from the year 2010 in the subject Business economics - Investment and Finance, grade: 1,0, Maastricht University, course: Management Accounting, language: English, abstract: Budgeting is a major area of management accounting and receives a lot of interest from\u003c\/p\u003e\u003cp\u003eresearchers who mainly concentrate their studies on the design of budget schemes and the\u003c\/p\u003e\u003cp\u003eprocess of setting budgets. Concerning the use in practice, a survey of senior managers in 219\u003c\/p\u003e\u003cp\u003epublicly traded firms indicated that ¿75 percent thought of the budgetary process as a managerial\u003c\/p\u003e\u003cp\u003erather than an accounting function¿ (Zimmerman, 2009, p. 250). However, the effects of budgets\u003c\/p\u003e\u003cp\u003eand budget processes on managerial performance and effort are still not clear.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis paper aims at providing an overview of a collection of recent research papers to investigate\u003c\/p\u003e\u003cp\u003ehow different types of budgets influence managerial behavior and performance and what\u003c\/p\u003e\u003cp\u003eimplications these findings have for managerial practice. Therefore, in the first section the general\u003c\/p\u003e\u003cp\u003erole of budgeting in organizations will be described. Next, different types of budgets and budget\u003c\/p\u003e\u003cp\u003elevels are introduced and their effects on managerial behavior and performance will be examined.\u003c\/p\u003e\u003cp\u003eFinally, several implications of those effects for managerial practice will be given, before a\u003c\/p\u003e\u003cp\u003econclusion wraps up the main points of this report.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783640979752\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783640979752","offer_id":39442872074333,"sku":"9783640979752","price":18.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/bea490f4-cdcd-468e-98f2-1de5b9e330e6.jpg?v=1777869419","url":"https:\/\/shop.autorenwelt.de\/products\/role-and-effects-of-budgeting-in-managerial-practice-von-christoph-butz","provider":"Autorenwelt Shop","version":"1.0","type":"link"}