Silvia Stamenova
Broschiertes Buch

Benefits of a a budget system. Traditional budgetary Systems versus Rolling budgets, zero-based budgets and activity-based budgets

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Academic Paper from the year 2017 in the subject Business economics - General, grade: 5.50, Anglia Ruskin University, language: English, abstract: Budgeting is one of the most important areas of company's activity, being highly susceptible to challenges in the business medium. Thus, this report outlines the benefits from having a budget system, as well as the positives of the budget process to the development of the company. However, even traditional budgeting system has its negatives for the company; it does not inspire change, the method does not offer incentives, inspires expenses at any pr...