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Article: Budgetting: confront the myths, build a true plan; the budgeting process contains many myths and sacred cows. Now is the time to move beyond them and use budgeting techniques that really work.(Management)
- Article from:
- Solutions - for People, Processes and Paper
- Article date:
- August 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Paper Industry Management Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The corporate silly season budgeting is nearly here. As summer turns to fall in the Northern Hemisphere and winter turns to spring in the Southern Hemisphere, people will devote many hours to predicting and planning the financial landscape tier 2004. Much of this planning is a huge waste of time--instantly obsolete when something unplanned arises in mid-January. This article is neither a treatise on generally accepted accounting practices (GAAP) nor a survey of how various entities execute the budgeting process. Instead, it adds reality by application of practicality and common sense to a process that has largely become a time wasting exercise in fiction whose only purpose ...
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Article: Repairing the budgeting process: the ...
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December 1, 2008 ;
700+ words
... ... strategy achievement is the annual budgeting process. In the worst situations, accountants administer the budgeting process as a fiscal exercise that ... the budget. In addition, the budgeting process tends to be insensitive to changes ...
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