Critical Analysis of the Budget Process

Cãruntu Roxana Corina ()
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Cãruntu Roxana Corina: “Constantin Brâncuºi” University of Târgu-Jiu

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 1317-1321

Abstract: The budget process has an important role in planning the economic and financial activity for the future. It consists in formulating a plan that contains elements that are connected with the main objectives of the company. To meet these objectives it is required a precise specification of them and careful monitoring during the year in question. The budget is done with the purpose to show and control the financial resources available to the company. Budget is important to acknowledge the changes that occur in the economic environment so that decisions on business performance to be based on real data.

Keywords: budget process; budget (search for similar items in EconPapers)
JEL-codes: G31 (search for similar items in EconPapers)
Date: 2012
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