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Are the traditional budgets still prevalent: The survey of the Czech firms budgeting practices

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dc.title Are the traditional budgets still prevalent: The survey of the Czech firms budgeting practices en
dc.contributor.author Popesko, Boris
dc.contributor.author Novák, Petr
dc.contributor.author Papadaki, Šárka
dc.contributor.author Hrabec, Dušan
dc.relation.ispartof Transformations in Business and Economics
dc.identifier.issn 1648-4460 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2015
utb.relation.volume 14
utb.relation.issue 3C
dc.citation.spage 373
dc.citation.epage 388
dc.type article
dc.language.iso en
dc.publisher Vilnius University
dc.relation.uri http://www.transformations.knf.vu.lt/36c/article/aret
dc.subject Budgeting en
dc.subject Czech Republic en
dc.subject Managerial accounting en
dc.subject Performance management en
dc.subject Planning en
dc.description.abstract Traditional budgeting and planning methods have been widely used as one of the fundamental management techniques across different types of organizations. In last two decades, managers and academics observed the growing dissatisfaction with these traditional budgeting concepts, which are based on annual bases and control functions. Traditional budgeting methods are very often criticized for the inflexibility and strong focus on resource allocation. Criticism was focused as well on the problems related with the use of tradition budgets as a tool of management control. Many research studies points at the necessity of adopting more sophisticated budgeting methods, which could contribute to better performance management and control of business organizations. Current trends lie in adopting flexible, decentralized budgeting systems that are focused on the use of key performance indicators (KPI). The paper presents the results of the survey of Czech enterprise budgeting practices. The objective of the study was to analyse the current budgeting practices of the Czech firms and analyse the importance of the budgeting systems for company management The first part of the paper presents the analysis of the trends in budgeting practices worldwide, which are based on the shift from traditional budgeting methods and an increasing use of alternative methods based on the performance measurement. The main part of the study presents the results of the questionnaire survey of the Czech enterprises' budgeting practices performed by the authors with the focus on the approach to the used budgeting system and its quality perception. The main objective of the survey is to find if the Czech budgeting practices are featured with similar discontent, which can be observed in literature and some foreign studies. © Vilnius University, 2002-2015 © Brno University of Technology, 2002-2015 © University of Latvia, 2002-2015. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1006296
utb.identifier.rivid RIV/70883521:28120/15:43873867!RIV16-MSM-28120___
utb.identifier.obdid 43874345
utb.identifier.scopus 2-s2.0-84962301264
utb.identifier.wok 000370913800005
utb.source j-scopus
dc.date.accessioned 2016-06-22T12:14:41Z
dc.date.available 2016-06-22T12:14:41Z
dc.description.sponsorship GACR, Czech Science Foundation
utb.contributor.internalauthor Popesko, Boris
utb.contributor.internalauthor Novák, Petr
utb.contributor.internalauthor Papadaki, Šárka
utb.contributor.internalauthor Hrabec, Dušan
utb.fulltext.affiliation 1 Boris Popesko Tomas Bata University in Zlín NámT. G. Masaryka 5555 760 01 Zlín Czech Republic Tel.: +420 576 032 504 Fax: +420576032121 E-mail: popesko@fame.utb.cz 2 Petr Novak Tomas Bata University in Zlín NámT. G. Masaryka 5555 760 01 Zlín Czech Republic E-mail: pnovak@fame.utb.cz 3 Sarka Papadaki Tomas Bata University in Zlín NámT. G. Masaryka 5555 760 01 Zlín Czech Republic E-mail: papadaki@fame.utb.cz 4 Dusan Hrabec Tomas Bata University in Zlín NámT. G. Masaryka 5555 760 01 Zlín Czech Republic E-mail: hrabec@fame.utb.cz
utb.fulltext.dates Received: October, 2015 1st Revision: November, 2015 2nd Revision: November, 2015 Accepted: December, 2015
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utb.fulltext.sponsorship This paper is one of the research outputs of the project GA 14-21654P/P403 “Variability of Cost Groups and its Projections in the Costing System in Manufacturing Enterprises” registered at Czech Science Foundation.
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