RESPONSIBILITY CENTERS AND ENTITY BUDGETS

Birca Aliona
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Birca Aliona: ACADEMY OF ECONOMIC STUDIES OF MOLDOVA ALEXANDRU IOAN CUZA UNIVERSITY OF IASI

Annals - Economy Series, 2016, vol. 1Special, 167-171

Abstract: The investigation on relationships between responsibility centers and budgets supposes examining the influence of management control over the entity management structures. Thus, responsibility centers help to streamline the management structure and ensure the implementation of the budget system into practice. Budgeting refers to the transformation of financial plans into monetary units. The pragmatic approach of the relationship between responsibility centers and budgets is analyzed on the basis of Romanian entities in the regulated market of the Bucharest Stock Exchange. The fact that entities which show the management structure and at the same time show the income and expense budget makes us claim that both have an important role to play in implementing the entity strategies.

Keywords: Responsibility centers; decentralized system; income and expense budget. (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2016:v:1special:p:167-171

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