To see the other types of publications on this topic, follow the link: Methods of budgeting.
Journal articles on the topic 'Methods of budgeting'
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 journal articles for your research on the topic 'Methods of budgeting.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse journal articles on a wide variety of disciplines and organise your bibliography correctly.
1
Osadchiy, Vladislav Victorovich. "PERSONAL BUDGETING METHODS AND SPENDING STRATEGIES." Journal of Applied Research 2, no. 1 (2021): 36–39. http://dx.doi.org/10.47576/2712-7516_2021_1_2_36.
Full text
2
Talmon, Nimrod, and Piotr Faliszewski. "A Framework for Approval-Based Budgeting Methods." Proceedings of the AAAI Conference on Artificial Intelligence 33 (July 17, 2019): 2181–88. http://dx.doi.org/10.1609/aaai.v33i01.33012181.
Full textAbstract:
We define and study a general framework for approval-based budgeting methods and compare certain methods within this framework by their axiomatic and computational properties. Furthermore, we visualize their behavior on certain Euclidean distributions and analyze them experimentally.
3
Prendergast, Gerard, Douglas West, and Yi-Zheng Shi. "Advertising Budgeting Methods and Processes in China." Journal of Advertising 35, no. 3 (October 2006): 165–76. http://dx.doi.org/10.2753/joa0091-3367350310.
Full text
4
Silva, José Olegário Rodrigues da, Graziela Fortunato, and Sérgio Augusto Pereira Bastos. "Operating cost budgeting methods: quantitative methods to improve the process." Production 26, no. 4 (August 29, 2016): 675–87. http://dx.doi.org/10.1590/0103-6513.201415.
Full text
5
Hall, John H. "An analysis of capital budgeting methods, the cost of capital and decision-makers in listed South African firms." Corporate Ownership and Control 9, no. 2 (2012): 519–29. http://dx.doi.org/10.22495/cocv9i2c5art7.
Full textAbstract:
This study’s purpose was to link the length of decision-makers’ employment in a firm and their academic qualifications to their choice of capital budgeting methods and of cost of capital techniques. The results show that the net present value (NPV) is more popular than the internal rate of return (IRR) as a capital budgeting technique. Also, irrespective of how long respondents have been employed by a company, they all use a discount rate. However, there is a significant tendency among respondents with postgraduate qualifications to prefer the NPV as a capital budgeting technique. Thus, in South Africa, academic qualifications do play a role in decision-makers’ capital budgeting practices.
6
Hartwig, Fredrik. "The Use Of Capital Budgeting And Cost Of Capital Estimation Methods In Swedish-Listed Companies." Journal of Applied Business Research (JABR) 28, no. 6 (October 26, 2012): 1451. http://dx.doi.org/10.19030/jabr.v28i6.7354.
Full textAbstract:
In this paper Swedish listed companies use of capital budgeting and cost of capital estimation methods in 2005 and 2008 are examined. The relation between company characteristics and choice of methods is investigated and both within-country longitudinal and cross-country comparisons are made. Larger companies seem to have used capital budgeting methods more frequently than smaller companies. When compared to U.S. and continental European companies, Swedish listed companies employed capital budgeting methods less frequently. In 2005 the most common method for establishing the cost of equity was by asking the investors what return they required. By 2008 CAPM was instead the most utilised method, which could indicate greater sophistication. The use of project risk when evaluating investments also seems to have gained in popularity, while the use of company risk declined. Overall, the use of sophisticated capital budgeting and cost of capital estimation methods seem to be rising and the use of less sophisticated methods declining.
7
Chen, Shimin. "DCF Techniques and Nonfinancial Measures in Capital Budgeting: A Contingency Approach Analysis." Behavioral Research in Accounting 20, no. 1 (January 1, 2008): 13–29. http://dx.doi.org/10.2308/bria.2008.20.1.13.
Full textAbstract:
This study empirically examines capital budgeting methods. Based on 115 responses from a cross-sectional survey and two approaches to contingency fit, this study produces three basic findings. First, both discounted cash flow (DCF) techniques and nonfinancial measures are widely used in capital budgeting. However, DCF techniques are more important than nonfinancial measures, and nonfinancial measures appear to serve as a partial substitute when DCF analysis is less efficient. Second, DCF techniques and nonfinancial measures are not unconditionally appropriate. Although the impact of firm strategy on capital budgeting methods is not supported by the present results, the study shows that product standardization affects both capital budgeting methods, as hypothesized. Firms with high product standardization tend to place more emphasis on DCF analysis, while firms with low standardization are more likely to focus on nonfinancial measures. Third, an appropriate fit under contingency theory between product standardization and the two capital budgeting methods is significantly associated with a firm's satisfaction with the capital budgeting process.
8
West, Douglas, and Gerard P. Prendergast. "Advertising and promotions budgeting and the role of risk." European Journal of Marketing 43, no. 11/12 (November 13, 2009): 1457–76. http://dx.doi.org/10.1108/03090560910989984.
Full textAbstract:
PurposeThis study aims to look at the conventional wisdom with regards to budgeting methods, processes, and sophistication in light of recent macro work relating budgetary approaches to risk‐taking.Design/methodology/approachBased on a survey of UK advertisers and personal interviews, current advertising and promotions budgeting methods and processes are summarized. A series of hypotheses relating risk, process and experience to advertising and promotions budgeting sophistication were tested.FindingsUK advertisers were found to use a variety of budgeting methods (two methods on average per company). Judgmental methods dominate, especially the “what is affordable” method, but at the same time more sophisticated methods like objective and task and measurement techniques (in particular return on investment) were solidly represented. The relationship between budgeting sophistication and risk was investigated, the premise being that risk and budgeting sophistication are inversely related, as well as budgetary processes and marketing experience.Research limitations/implicationsConsiderable insight is provided into the methods and processes being used. It is concluded that the explanation as to why firms use sophisticated or unsophisticated methods for setting their advertising and promotion budgets is largely related to organizational culture.Originality/valueJust over 1.5 percent of the UK's gross domestic product is spent on advertising and promotions (£19 billion). The study suggested that the primary reason for the lack of consensus on budgetary sophistication is that stakeholders involved with budgeting are far less concerned with specific methods than dealing with cultural norms, personalities, access to supporting data and policies and practices.
9
Kowalewski, Mirosław, and Monika Zamielska. "Application of Budgeting in Selected Municipal Companies in the Warmińsko-Mazurskie Voivodeship." Olsztyn Economic Journal 15, no. 4 (December 31, 2020): 339–50. http://dx.doi.org/10.31648/oej.6857.
Full textAbstract:
This study aimed to determine the scope to which budgeting is used as a management method in selected enterprises of the municipal sector in the Warmińsko-Mazurskie Voivodeship. The research goal was achieved through the following tasks: identification of the reasons for and methods of budgeting used in enterprises of the municipal sector in the Warmińsko-Mazurskie Voivodeship and determining the methods of controlling budget implementation in the examined entities.
The use of budgeting in the practice of Polish municipal enterprises, as well as the knowledge of how to use this management instrument, seems to be relatively common. Nevertheless, there are still entities convinced of the insufficient amount of benefits resulting from budgeting and that these benefits may be lower than the labour input and costs incurred in budgeting.
Research has revealed that budgeting is used primarily in medium and large companies with annual revenues of over PLN 50,000,000 and employing over 200 employees. An important feature that connects all entities using budgeting is the desire to reduce costs and improve financial results. The desire to increase internal control and make more effective decisions was the main reason for the implementation of budgeting in these enterprises. The dominant methods of budgeting are the top-down and incremental methods. Budget control is exercised by various people and units. Disclosed deviations most often relate to exceeding the planned level of costs and failure to meet the deadlines for renovation and investment tasks.
10
AlKulaib, Yaser A., Sulaiman A. Al-Jassar, and Khalid Al-Saad. "Theory And Practice In Capital Budgeting: Evidence From Kuwait." Journal of Applied Business Research (JABR) 32, no. 4 (June 30, 2016): 1273–86. http://dx.doi.org/10.19030/jabr.v32i4.9736.
Full textAbstract:
Capital budgeting is an important tool in corporate finance, which is supported with numerous methods. Previous researches in this field shows that simple methods of capital budgeting are preferred over complex methods. With an objective to adopt relevant modification in the academic sector this paper evaluates the preferred capital budgeting practices in Kuwait, one of the strongest economy in the world, through a structured questionnaire distributed among 100 firms. The study also reveals the significance of demographic factors on real life capital budgeting practices as well as it probes in to the significance of the subjects; introductory finance, financial management and risk management. The results of the study are consistent with the previous researches in this field, that majority of the respondents use the NPV. Furthermore, age, educational qualification, managerial levels, years of experience, company size, among others all have significant effects on most capital budgeting methods.
11
Demianyshyn, Vasyl’. "Conceptual framework for the budgeting mechanism of the state’s social and economic development." Herald of Ternopil National Economic University, no. 1(83) (February 22, 2017): 77–88. http://dx.doi.org/10.35774/visnyk2017.01.077.
Full textAbstract:
The article considers some approaches of domestic and foreign scholars to the interpretation of the concept of state’s budgeting mechanism. It involves the following: a set of types, forms, methods and means through which the state establishes budgetary relations; a number of forms, methods, instruments and tools of budgeting process and using budget resources; a practical model of implementation of the state budget policy; a set of tools and methods for government regulation of social and economic development of the state. It is proposed to interpret a budgeting mechanism of the state’s socio-economic development as a set of financial forms, methods, tools, and instruments which ensure a broad range of distribution and redistribution processes; the formation and use of a centralized fund of monetary resources; functioning of the budget system in general and implementation of the budget policy aimed at socio-economic development of the state. The budgeting mechanism of the state’s socio-economic development is viewed through ontological considerations. Taking into account some peculiarities of budgetary relations, two components are highlighted: the mechanism of budgeting process and the mechanism of using budget resources. It is found that the key aspects of functioning and the role of budgeting mechanism in regulating social and economic processes depend on a combination of elements of both components: methods, forms, tools and instruments. Similiarities and differences of financial and budgeting mechanisms of the state are outlined, which provide grounds for interpreting the budgeting mechanism as a special type of financial mechanisms.
12
Kengatharan, Lingesiya. "Capital Budgeting Theory and Practice: A review and agenda for future research." American Journal of Economics and Business Management 1, no. 1 (February 2, 2018): 20–53. http://dx.doi.org/10.31150/ajebm.v1i1.5.
Full textAbstract:
The main purpose of this research was to delineate unearth lacunae in the extant capital budgeting theory and practice during the last two decades and ipso facto become springboard for future scholarships. It has analyses of various approaches, such as Web of science search and iCat search were used to locate research papers published during the last twenty years. Four criteria have been applied in selection of research papers: be an empirical study, published in English language, appeared in peer reviewed journal and full text research papers. These papers were collected from multiple databases including OneFile (GALE), SciVerse ScienceDirect (Elsevier), Informa - Taylor & Francis (CrossRef), Wiley (CrossRef), Business (JSTOR), Arts & Sciences (JSTOR), Proquest ,MEDLINE (NLM), and Wiley Online Library. Search parameters covered capital budgeting, capital budgeting decision, capital budgeting theory, capital budgeting practices, capital budgeting methods, capital budgeting models, capital budgeting tools, capital budgeting techniques, capital budgeting process and investment decision. Thematic text analyses have been explored to analyses them.
Keywords: Capital budgeting theory and practices, capital budgeting tools for incorporating risk, discount rate
13
Nguyen, Dai Huu, Christine Weigel, and Martin R. W. Hiebl. "Beyond budgeting: review and research agenda." Journal of Accounting & Organizational Change 14, no. 3 (September 3, 2018): 314–37. http://dx.doi.org/10.1108/jaoc-03-2017-0028.
Full textAbstract:
Purpose Beyond budgeting has received an increased amount of scholarly attention in recent years. However, because most of the published research is discrete and unconnected, an overall picture of what is known about beyond budgeting has not evolved. Therefore, the purpose of this paper is to provide an overview of the available research on beyond budgeting. In particular, the authors compare conceptual papers that mostly stress the benefits of beyond budgeting with empirical evidence on beyond budgeting implementation and offer ideas for future research on beyond budgeting. Design/methodology/approach This paper uses systematic literature review methods. After an extensive database search and examination of references/citations, 32 papers were analysed with regard to bibliographical information, research design and findings. Findings Although proponents of beyond budgeting have put substantial effort into developing and promoting this concept, numerous empirical studies demonstrate that many organizations being investigated would still rather improve traditional budgeting than abandon it completely. This review also highlights the main criticisms of traditional budgeting, development of management control systems under beyond budgeting and factors hindering the implementation of beyond budgeting. Research limitations/implication This paper suggests that further research is needed on the scaling of beyond budgeting, organizational changes under beyond budgeting and challenges resulting from the implementation of beyond budgeting. Originality/value The paper is the first comprehensive literature review on beyond budgeting.
14
Opgenoord, Max M. J., and Karen E. Willcox. "Sensitivity Analysis Methods for Uncertainty Budgeting in System Design." AIAA Journal 54, no. 10 (October 2016): 3134–48. http://dx.doi.org/10.2514/1.j054743.
Full text
15
Khan, Aman. "Symposium Introduction on Capital Budgeting: Issues, Methods, and Perspectives." International Journal of Public Administration 31, no. 2 (January 14, 2008): 97–100. http://dx.doi.org/10.1080/01900690701410869.
Full text
16
Sikiric, Ana Marija. "Access to Gender Sensitive Budgeting-Some Tools and Methods." Economic Research-Ekonomska Istraživanja 26, sup2 (January 2013): 193–208. http://dx.doi.org/10.1080/1331677x.2013.11517674.
Full text
17
Ghofur, Abdul, Muhammad Firdaus, and Lia Rachmawati. "Faktor-Faktor Yang Memengaruhi Penganggaran Berbasis Kinerja (Performance Based Budgeting) Pada Pemerintah Kabupaten Jember." JAKUMA : JURNAL AKUNTANSI DAN MANAJEMEN KEUANGAN 1, no. 1 (September 1, 2020): 58–73. http://dx.doi.org/10.31967/jakuma.v1i1.378.
Full textAbstract:
This study aims to study the effect of commitment, leadership style, reward, punishment and quality of human resources on performance-based budgeting (performancebased budgeting) in the Jember Regency Government in 2019. Data processing methods use multiple analysis with the help of SPSS analysis tool version 21. Research results demonstrate accounting commitment, leadership style, reward, punishment and quality of human resources for performance-based budgeting. Partially, commitment accounting, leadership style, punishment and quality of human resources are not related to performance-based budgeting, while awards have a significant and positive effect on performance-based budgeting.
18
Shor, I. M., D. M. Shor, D. A. Shelestova, and L. I. Galamyan. "The essence, principles and functions of proactive budgeting in the financial context." Finance and Credit 26, no. 9 (September 29, 2020): 2077–95. http://dx.doi.org/10.24891/fc.26.9.2077.
Full textAbstract:
Subject. We address proactive budgeting, based on the application of responsible and appropriate approach to the issues of local budget spending, and taking into account the interests of the population. Nowadays, there are many approaches to proactive budgeting, however, in some cases, the authors fail to explore the financial aspects. Objectives. The aim is to provide a theoretical foundation for the nature, principles, and functions of proactive budgeting in the financial context. Methods. The study employs the comprehensive approach and methods of systems analysis. The techniques of observation, specification, abstraction, synthesis, comparison, generalization of theoretical and practical material serve as our research tools. Results. We justified the nature, principles and functions of proactive budgeting in the financial context. The findings can be used by the actors of proactive budgeting. Conclusions. Proactive budgeting is a set of budget relations between government (municipal) authorities, citizens and business entities, which are based on citizens’ initiative concerning the budget planning, movement and control of budgetary funds to realize local projects. The principles of proactive budgeting include integration, initiative, competitiveness, co-financing, and transparency. Accordingly, it has communicative, analytic, coordinating, and stabilization functions.
19
Leśniewska-Napierała, Katarzyna, and Tomasz Napierała. "Participatory budgeting: creator or creation of a better place? Evidence from rural Poland." Bulletin of Geography. Socio-economic Series 48, no. 48 (June 23, 2020): 65–81. http://dx.doi.org/10.2478/bog-2020-0014.
Full textAbstract:
AbstractThe main purpose of the research is to address the real, operational context of participatory budgeting. It is argued that this method of budgeting might be a useful tool for developing various ideas at a local level, including social/spatial justice, civil society, human capital, information society, or sustainable development. However, the implementation of participatory budgeting might, conversely, result from development processes. A combination of quantitative methods (principal component analysis and regression analysis) was applied to define the real motives for local authorities to employ participatory budgeting. To address the research questions mentioned in the paper, all rural communes employing participatory budgeting in Poland in 2017 were investigated. It was confirmed that participatory budgeting is an effect of development processes rather than a tool for achieving development goals. Interestingly, social/spatial injustice might significantly stimulate inhabitants’ engagement in participatory budgeting. On the other hand, the development of information society supports processes related to social involvement, including participatory budgeting.
20
Arthurton, Daniel A., L. Joe Moffitt, P. Geoffrey Allen, and Douglas A. Cox. "Do Farm Businesses and Big Businesses Apply Different Capital Budgeting Procedures?" Agricultural and Resource Economics Review 24, no. 2 (October 1995): 149–55. http://dx.doi.org/10.1017/s1068280500008789.
Full textAbstract:
Recent studies of capital budgeting procedures used by business executives suggest increasing use of present value methods. This study compares Massachusetts greenhouse business managers use of capital budgeting procedures to those of Fortune 1000 firms. Results indicate that different capital budgeting procedures are used and that the payback criterion remains the most popular for the farm firms studied. Some implications for Extension finance educators are drawn.
21
Ottoman, Gregory R., W. Brent Nixon, and Steven T. Lofgren. "Budgeting for Facility Maintenance and Repair. I: Methods and Models." Journal of Management in Engineering 15, no. 4 (July 1999): 71–83. http://dx.doi.org/10.1061/(asce)0742-597x(1999)15:4(71).
Full text
22
Wall, B. H., and R. L. McCown. "Designing roof catchment water supply systems using water budgeting methods." International Journal of Water Resources Development 5, no. 1 (March 1989): 11–18. http://dx.doi.org/10.1080/07900628908722407.
Full text
23
Hung, C. L., and Douglas C. West. "Advertising Budgeting Methods in Canada, the UK and the USA." International Journal of Advertising 10, no. 3 (January 1991): 239–50. http://dx.doi.org/10.1080/02650487.1991.11104455.
Full text
24
Bondarenko, Tatiana, Galina Panaedova, Lira Gurieva, Tatiana Belyanchikova, and Irina Mityushina. "Special features of corporate budget planning: contemporary approach." E3S Web of Conferences 159 (2020): 04006. http://dx.doi.org/10.1051/e3sconf/202015904006.
Full textAbstract:
The purpose of this article was to study budgeting process from the point of its structure, analyze the Russian and European models of budget planning. Russian experts seem to favor a combination of rolling budgeting and top-down approach. Zero based method is preferred for larger projects with strict budgeting culture. For smaller and medium business, there remains lack of attention to budgeting. It is caused by lack of finance, experience and prioritization of other financial management tools. The classical approach used in the beginning stage would definitely be the top-down approach, which despite some its flaws can work well in the beginning stage of business development, when the strategy is rather aggressive and growth-oriented. Larger better-established organizations tend to realize importance of budgeting process and devote greater attention to developing its structure. The combination of methods is rather appropriate and additional investment should be made specifically into the Information System used in the budgeting process, as it is associated with reducing labor costs and accelerating processes. Unfortunately, Russian companies still find it difficult to keep up with development of new techniques on budgeting process overseas. This was shown in detailed comparison of Russian budgeting model with the European one.
25
Wardhana, Wishnu. "Aplikasi Capital Budgeting dalam Penentuan Keputusan Investasi Kamar dan Ballroom Di Hotel Panorama Lembang." Jurnal Kepariwisataan: Destinasi, Hospitalitas dan Perjalanan 2, no. 1 (June 25, 2018): 10–20. http://dx.doi.org/10.34013/jk.v2i1.17.
Full textAbstract:
This research's title is "Applications of Capital Budgeting Method in Feasibility Study of Rooms and Ballroom Investment at Hotel Panorama Lembang", the purpose of this research are to know the feasibility of hotel investment based on financial projection aspect which using Capital Budgeting Method at Hotel Panorama Lembang. The feasibility of investment evaluate by the tools of capital budgeting model, which is have aspect of Discounted Payback Period, Net Present Value, Internal Rate Of Return, and Profitability Index in Hotel Panorama Lembang. The results of this research from the financial projection evaluated with the tools of capital budgeting evaluation which have the results can be seen that investment is feasible, as calculated by the method of discounted payback period is 8 years and 2 months based on hotel evaluation and 6 years and 11 months based on writer's evaluation, net present value in positive result (NPV > 0) in the amount of Rp. 1.743.693.325 , Internal Rate of Return is higher than the discounted factor of 12% in the amount of 23.9303%, profitability index is in positive result higher than 1. Based upon this calculation summarised that the feasibilty of investment based on financial projection are accepted. Based on the evaluation from the capital budgeting method, the criteria of investment at Hotel Panorama Lembang are accepted. The management used the methods which doesn't improve a good result in feasibility. Methods that used by the author more improve a good result in investing decisions, because using a selection of forecasting methods for future revenues. The author used a time series forecasting methods to improve more revenues for hotel. This forecasting method can provide the closest forecast result and the highest rate of accuracy. The author recommends to the management of Panorama Hotel Lembang to continue and accepted the investment of new rooms and ballroom. Considering the result of a feasebility study with a capital budgeting methods are accepted. The author also recommends to the management of Panorama Hotel Lembang to use a proper forecasting methods, such as time series methods.
26
Dedi, Lidija, and Silvije Orsag. "Capital Budgeting Practices: A Survey of Croatian Firms." South East European Journal of Economics and Business 2, no. 1 (April 1, 2007): 59–67. http://dx.doi.org/10.2478/v10033-007-0016-y.
Full textAbstract:
Capital Budgeting Practices: A Survey of Croatian FirmsThis paper reports the results of a mail survey of capital budgeting practices among Croatian firms and compares the results with those from similar studies in the USA, UK, Sweden, and other European countries. It is based on a questionnaire sent to 200 firms selected from 400 of the best Croatian firms (special edition of Privredni vjesnik) and to 34 banks from a ranking of Croatian banks (special edition of Privredni vjesnik). The response rate was 25,21%. The goal of the empirical survey was to determine the present application of quantitative capital budgeting methods, cost of capital and cash flow estimation, risk analysis and application of a real options approach in capital budgeting practices in Croatian firms. This is the first empirical survey of Croatian capital budgeting practices that has been undertaken.
27
Brumfield, Robin G., Arbindra Rimal, and Steve Reiners. "Comparative Cost Analyses of Conventional, Integrated Crop Management, and Organic Methods." HortTechnology 10, no. 4 (January 2000): 785–93. http://dx.doi.org/10.21273/horttech.10.4.785.
Full textAbstract:
Production costs have been analyzed in several studies using such normative approaches as budgeting and mathematical programming, and positive approaches as estimation of production, cost, or profit functions. This study used budgeting methods to analyze the costs and benefits of adopting integrated crop management (ICM) or organic methods versus conventional agriculture for tomatoes (Lycopersicon esculentum Mill.), sweet corn (Zea mays L. var. saccharada), and pumpkins (Cucurbita pepo L.). Data were collected using field studies conducted at the Rutgers University Snyder Research and Extension Farm, Pittstown, N.J. Time and motion study techniques were used to record machinery use and labor quantities. Records of production inputs and yields were also collected. These records were then converted to a 1.0-acre (0.4-ha) basis to constructed crop budgets. Results show that ICM systems are more profitable than conventional and organic systems. Organic systems had the lowest net returns. However, because of the organic price premium, the net returns were fairly close to those for conventional and ICM systems.
28
Mutamimmah, Munfarida Rizky, Alwan Sri Kustono, and Rochman Effendi. "Pengelolaan Keuangan Desa Melalui E-Village Budgeting di Kabupaten Banyuwangi." e-Journal Ekonomi Bisnis dan Akuntansi 5, no. 1 (May 24, 2018): 105. http://dx.doi.org/10.19184/ejeba.v5i1.7746.
Full textAbstract:
This study aims to determine village financial management in Srono Sub District of Banyuwangi District by using e-Village Budgeting system and the effectiveness of using that system. This study uses primary data was collected from respondent’s answers on interview was conducted with the parties concerned on village financial management in Srono Sub District of Banyuwangi District. Methods of data analysis is using descriptive with qualitative approaches and triangulation as a test of data validity. The results showed that village financial management by e-Village Budgeting consists of the process of planning, administration, and accountability of APBDesa. By using e-Village Budgeting village financial management becomes more effective and efficient. Keywords : e-Village Budgeting, Management and Village Financial
29
Marquette, R. Penny, and Richard K. Fleischman. "GOVERNMENT/BUSINESS SYNERGY: EARLY AMERICAN INNOVATIONS IN BUDGETING AND COST ACCOUNTING." Accounting Historians Journal 19, no. 2 (December 1, 1992): 123–45. http://dx.doi.org/10.2308/0148-4184.19.2.123.
Full textAbstract:
This paper examines certain interactions between American government and business which resulted in important innovations in the areas of budgeting and cost accounting early in the twentieth century. The evidence suggests that budgeting methods were initially developed by municipal reformers of the Progressive era and were subsequently adapted by business for planning and control purposes. In like fashion, standard costing and variance analysis were significant cost accounting techniques born to an industrial environment which came to contribute markedly to a continuing improvement of governmental budgeting procedures.
30
Капогузов, Е., and E. Kapoguzov. "INTERRELATION OF STRATEGIC PLANNING AND INITIATIVE AND PRODUCT BUDGETING IN RUSSIA AND ABROAD." Bulletin of Kemerovo State University. Series: Political, Sociological and Economic sciences 2018, no. 1 (February 25, 2018): 92–96. http://dx.doi.org/10.21603/2500-3372-2018-1-92-96.
Full textAbstract:
<p>The article features the development of initiative budgeting practices in Russia and some elements of foreign experience. It highlights the lack of theoretical elaboration and methodological support of the initiative budgeting process, which does not contribute to the objective institutionalization of initiative budgeting and prevents the dissemination of best practices and social learning among stakeholders. The research reveals the importance of solving the fundamental scientific problem and developing evaluation methods to measure the effectiveness of budget expenditures in various discrete institutional alternatives as well as forming the mechanisms of product budgeting at the level of Russian municipalities is shown. Elements of scientific discourse in this sphere are shown in the context of the development of issues of public management modernization and the budget process in particular. With regard to development practices in the regions, it is noted that processes in the sphere of open budgeting and initiative budgeting are more likely to occur at the stage of «informing», whereas for the success of the system it is necessary to move to the stage of citizens engagement and coproduction. The article lists some opportunities of open budgets and initiative budgeting use as elements of direct democracy for the development of single-industry cities along with other instruments of strategic management.</p>
31
Opałka, Benedykt. "Planowanie i ocena projektów inwestycyjnych jednostek samorządu terytorialnego z wykorzystaniem metod budżetowania zadaniowego." Kwartalnik Kolegium Ekonomiczno-Społecznego. Studia i Prace, no. 2 (November 29, 2011): 93–116. http://dx.doi.org/10.33119/kkessip.2011.2.4.
Full textAbstract:
Organizational and legal conditions influencing the investment policy of Polish self-government units can be judged as still uncertain. The need for strengthening the rple of long term planning in public finance remains one of the most vital and current problems, which is especially important in accotdance to the investment projects in the public sector. The research indicatet that effectiveness of the investment projects executed by the self-government units can be significantly improved by using elements of taks budgeting methodology. Task budgeting can be therefore considered as an instrument of management which helps to link strategic planning with the investment project management. Widening the scope of implementation of task budgeting should lead to the improvement of methods of theeconomic evaluation of investment projects as well as annual and ling-term programs. The important factor is that the terms: 'budgetary task' and 'investment project' are highly similar. That similarity can stimulate developing analitical methods which are based on financial and material indicators. Main conclusions of the conducted research are that the most important advantages of implementing the task budgeting methods derive from their role as strong analytic tool helping to manage any types of the unit's resources and concentrating on achieving strategic goals. The conducted analysis also proved that with the use of wide scope of analitical tools, the task budgeting methodology strongly stimulates expansion of implementing quantitative indicators in evaluation of the public investment projects.
32
Srivastava, Pankaj, Saurabh Srivastav, Tetiana Zhyber, and Denys Hryzohlazov. "Smart sustainability ranking system within local budgeting." Economics of Development 19, no. 4 (March 15, 2021): 24–34. http://dx.doi.org/10.21511/ed.19(4).2020.03.
Full textAbstract:
The study focuses on the need to update tools for making local governance decisions using modern information technology in an environment of unpredictability added by the pandemic. Policy formulation by the authorities, especially local governments, is faced with the demand for sustainable development due to the obstacles and risks that have arisen. The purpose of the paper was to create a model for an intelligent information system to rank input qualitative information as an object in accordance with sustainability criteria for determining the local government’s policy on budgetary support for entrepreneurial activity. Fuzzy informatics methods used in soft computing based on fuzzy logic improve estimation potential. The activity in сommunity-based tourism (CBT) was chosen as a basis for simulating the “Intelligent Ranking System” for local budgeting. In the paper, the system ranks four factors of sustainability according to the importance of local government activity by nine criteria, whose fuzzy values are calculated based on expert judgments within the framework of six linguistic variations. Simulation of future directions of budgeting was developed using unified answers from the example of India for applying in local tourism. The basis of the system matrix is formed through the subsequent analysis of deviations from the limiting variations of the maximum positive and maximum negative impressions of experts. The model of this ranking system will be useful for service-oriented activities where consumer impressions are an important development requirement.
33
Brunzell, Tor, Eva Liljeblom, and Mika Vaihekoski. "Determinants of capital budgeting methods and hurdle rates in Nordic firms." Accounting & Finance 53, no. 1 (December 12, 2011): 85–110. http://dx.doi.org/10.1111/j.1467-629x.2011.00462.x.
Full text
34
Ashley, Robert A., Stanley M. Atkinson, and Stephen M. LeBruto. "A Survey of Capital Budgeting Methods Used by the Restaurant Industry." Journal of Hospitality Financial Management 8, no. 1 (September 2000): 47–55. http://dx.doi.org/10.1080/10913211.2000.10653735.
Full text
35
Gordon, Lawrence A., George E. Pinches, and Frank T. Stockton. "SOPHISTICATED METHODS OF CAPITAL BUDGETING AN ECONOMICS OF INTERNAL ORGANIZATION APPROACH." Managerial Finance 14, no. 2/3 (February 1988): 36–41. http://dx.doi.org/10.1108/eb013599.
Full text
36
KIZYMA, Andriy, and Zoryana LOBODINA. "TRANSFORMATION OF BUDGETING TECHNOLOGIES IN THE CONTEXT OF ENSURING INCLUSIVE SUSTAINABLE GROWTH OF THE STATE." WORLD OF FINANCE, no. 1(66) (2021): 24–37. http://dx.doi.org/10.35774/sf2021.01.024.
Full textAbstract:
Introduction. Slowing economic growth, the spread of destructive demographic and environmental processes, increasing inequality in access to participation in economic, social and political life of the country necessitate the search for innovative budgeting technologies that would include elements of inclusion. The purpose of the article is justification of the theoretical foundations of inclusive budgeting, determination of preconditions and necessity of introduction of this technology into budgetary practice of Ukraine. Methods. In the course of research systematic approach to study widespread budgeting technologies, used in foreign and domestic practice, and the following methods of scientific cognition: induction and deduction, analysis and synthesis, comparison, generalization, associations, analogies and others, were used. Results. In order to ensure the socio-economic development of Ukraine on the basis of the concept of inclusive sustainable growth, the necessity of introducing technology of inclusive budgeting, which would take into account the benefits of practical use of program-targeted, participatory and gender-based budgeting, has been proved. The main features of inclusive budgeting include: existence of legislatively approved rules, norms and procedures that maximally involve citizens into filling budgets of different levels on the basis of the principle of progressive taxation and provide them with equal access possibilities to public services; maximize the involvement of society members in formulation of the budget programs on the basis of which budget expenditures are determined, as well as in monitoring their implementation, including the reporting procedure. Interpretation of the terms “budgetary inclusion” and “inclusive budgeting” is proposed. The main elements of inclusive budgeting include: budget programs; performance indicators for evaluating the implementation of budget programs; budget program executors; initiative, active, financially competent citizens; participatory budgeting. The main stages of integration of inclusive aspects in the budget process are defined: carrying out inclusive budget analysis (analysis of budget requests, budget programs and the state of their financing, budgets in order to identify problems of unequal access of citizens to budgetary resources and public services); formulation of the goals and recommendations to enhance inclusion; making changes to budget requests, budget programs, budgets; monitoring and evaluation of the results of changes made to budget requests, budget programs, budgets. Perspectives. The subject of further research is an in-depth study of the problems of budget inclusion.
37
Ліхоносова, Г. С., and О. І. Нецвітаєва. "МЕХАНІЗМИ БЮДЖЕТУВАННЯ ДІЯЛЬНОСТІ ПІДПРИЄМСТВА : МОЖЛИВОСТІ УПРАВЛІННЯ ФІНАНСОВОЮ БЕЗПЕКОЮ." TIME DESCRIPTION OF ECONOMIC REFORMS, no. 3 (October 18, 2019): 24–30. http://dx.doi.org/10.32620/cher.2019.3.03.
Full textAbstract:
Formulation of the problem. The article presents the author's opinion on the possibilities of using the mechanisms of budgeting the activity of the enterprise as tools of financial security management. The liberalization of financial relations and the free cross-border movement of capital led to the intensification of internal and external shocks on the development of economic entities. The purpose of the article is to study the theoretical aspects of the budgeting system as a tool for managing the financial security of an enterprise, in order to form a holistic view of budgeting as an economic category. The object of the study is the process of budgeting the activity of the enterprise, its organizational and economic capabilities and tools for managing the financial security of the enterprise. Methods used of the research: systematic approach, method of generalization, comparison, logical-meaningful method, monographic method, methods of induction and deduction, etc. The main hypothesis is that the financial stability of a functioning enterprise depends on the economic policy option, which is formed by the structure of the budgeting instruments of the enterprise. Presenting main material. The reasons for using this tool at the enterprise are revealed. The efficiency of the use of budgeting in the management of financial security of the enterprise is shown. Budgeting makes it possible to increase the financial soundness of management decisions and the effectiveness of information support of enterprise management; to differentiate between the leaders of different levels of the organizational hierarchy for results and to make a positive impact on their motivation; to agree on the different lines of activity of the units and the work of the enterprise as a whole on the basis of a single coordinated budget; improve current budgets by matching planned and actual indicators with results; to predict volumes of material and financial flows, cost structure. The originality and practical significance of the research. The basis of the mechanism of ensuring the financial security of the enterprise is a systematic combination of certain tools, methods, levers and information and analytical support, created on the basis of the principles of financial security, which objectively exist as economic laws, as well as produced by entities of financial security management of the enterprise to achieve and protecting the latter's financial interests. Conclusions of the research. The introduction of the entity's budgeting system enables the planning of financial and economic activities with the expectation of achieving a specific financial result and financial targets. Thus, budgeting is an effective tool for managing the financial security of an enterprise and acts as one of the main processes in the financial planning system.
38
FILIN, Sergei A., and Alena A. KUZINA. "Principles for managing innovative activities of entities in Russia during the transition to the digital economy." Digest Finance 26, no. 1 (March 30, 2021): 107–22. http://dx.doi.org/10.24891/df.26.1.107.
Full textAbstract:
Subject. Budgeting as a management technology is highly sought after by enterprises and groups of companies all over the globe regardless of their industry affiliation and scale of operations. The budgeting methodology is a dynamically developing field of scientific research; it provides tools enabling to solve urgent problems, namely those related to data bulk processing at the stage of planning and generation of budget versions. Objectives. The study aims to justify principles of data modeling in management accounting and budgeting; to develop data modeling tools aimed at achieving the objectives of an enterprise or a group of companies. Methods. In the study, I employ logical analysis methods and a systems approach. Results. The paper substantiates data modeling principles in management accounting and budgeting systems of enterprises and groups of companies. Based on the formulated principles, I developed data modeling tools for implementation in spreadsheets, special applications, and cloud-based technologies. Conclusions. Developing and elaborating the budgeting system of enterprises and groups of companies should be based on data modeling under the principles and approaches to their systematization and structuring formulated in the paper. The offered data modeling tools may be useful in the organization of management accounting and formation of a budget model on all automation platforms, as well as in Microsoft Excel, using Power Pivot and Power Query add-ins.
39
Kashkimbayev, S. B., and A. N. Zhakupov. "Effective budgeting as a priority of the company›s development." Economics: the strategy and practice 16, no. 2 (July 12, 2021): 46–53. http://dx.doi.org/10.51176/1997-9967-2021-2-46-53.
Full textAbstract:
In the modern world, in the conditions of economic instability and fierce competition, companies need to have effective tools that can provide an opportunity to study the current financial condition, compare cash inflows and outflows, approve the right decisions that contribute to the subsequent formation and development of the enterprise, as well as optimize management costs. In a company, such an important tool for financial planning, as well as control, is budgeting.This article discusses the tasks, goals, methods, disadvantages and advantages of budgeting, illustrates the full continuous cycle of budget management and the stages of development of the concept of budgeting. In addition to the theoretical aspects, the article considers the empirical and methodological aspects. The purpose of this article is to generalize the theoretical provisions and develop the organizational and methodological aspects of the application of budgeting and the impact of effective budgeting on the development of the overall company. The article uses complex and systematic approaches to the processes and phenomena under study, which is achieved through the methods of analysis and synthesis, review and collection of information, statistical analysis, scientific abstraction and visualization.In the conclusion of the article, the conclusions are made, that a properly formed concept of budgeting, improvement of methods and elements of the budget process will make it possible to manage the capital, as well as a single commercial, and the company as a whole, establishing the sequence of business types, terms and trends of restructuring. This will allow the owners of companies to adapt their business in time to all possible changes in market conditions.
40
Ma, Yongxi, Wencong Lu, and Holger Bergmann. "Economic and environmental effects of nutrient budgeting strategies in animal excreta treatment." China Agricultural Economic Review 6, no. 4 (October 28, 2014): 598–615. http://dx.doi.org/10.1108/caer-08-2012-0084.
Full textAbstract:
Purpose – The purpose of this paper is to optimize manure allocation through nutrient budgeting strategy to meet crop nutrient requirements under maximizing economic returns and environmental constraints, and then to evaluate the economic and environmental effects of different nutrient budgeting strategies in animal excreta treatment. Design/methodology/approach – In this study, a holistic integrated “ecological-economic” model is developed. It incorporates the systems of animal-crop production and waste treatment is developed for a pilot pig farm in China in order to simulate the economic and environmental effects of several nutrient budgeting strategies in excreta treatment for resource use. Findings – The results reveal nutrient management deficiencies cause some serious environmental problems. The operations including biogas and composting are economically and environmentally efficient methods for manure management through nutrient budgeting strategy in an intensive animal farming with limited access to cropland. The nutrient budgeting strategy of constrained phosphorus, however, creates better environmental effects and brings more income from the waste treatment than the strategy of constrained nitrogen. The current standard of manure application in cropland which emphasizes on crop requirements for nitrogen should be reconsidered. Originality/value – The paper is an original work and its methodology makes a meaningful contribution to understanding the relations between different nutrient budgeting strategies and their economic and environmental effects.
41
Anabtawi, Ahmad N. H. "The Extent of Using and Trusting Capital Budgeting Methods in Projects Appraisal in Palestinian Corporations." Modern Applied Science 12, no. 6 (May 30, 2018): 151. http://dx.doi.org/10.5539/mas.v12n6p151.
Full textAbstract:
This research paper aims to find the degree of the use as well as the trust of the Net Present Value (NPV), Payback Period (PBP), Internal Rate of Returns (IRR) and Accounting Rate of Returns (ARR) as a key capital budgeting method. The research conducted on the listed corporations in Palestine which are 48 company. A questionnaire distributed on 77 financial and project/operations managers in these corporations with 67 responds. The result shows that both discounted and non-discounted cash flows methods are used and trusted by Palestine public corporations. However, on the other hand, the above four methods are volatile in term of use and trust. The most used and trusted capital budgeting method is the Payback period (PBP). This followed by the Net Present Value (NPV). Accounting Rate of Retunes (ARR) becomes third. Thus the least used and trusted method is the Internal Rate of Returns (IRR).
42
Alleyne, Philmore, Shantelle Armstrong, and Marissa Chandler. "A survey of capital budgeting practices used by firms in Barbados." Journal of Financial Reporting and Accounting 16, no. 4 (December 3, 2018): 564–84. http://dx.doi.org/10.1108/jfra-07-2017-0061.
Full textAbstract:
PurposeThis paper aims to examine the capital budgeting practices used by firms in Barbados using contingency theory.Design/methodology/approachThe study involves the use of a self-administered questionnaire sent to the individual responsible for capital budgeting decisions (either the accountant, financial controller or senior manager) in each of the firms selected. In total, 41 completed questionnaires are received; 12 follow-up interviews are conducted with respondents to indicate the reasons for use and non-use of capital budgeting practices.FindingsCapital budgeting practices are not widely used by firms in Barbados. The payback method (PBM) is determined to be the preferred method of choice because of its simplicity, agility and cultural practices. Based on contingency theory, organisations in Barbados believe that the PBM is a better fit for them. Top management drives the capital budgeting process with crude and non-traditional methods for the acceptance of capital projects. While there are no statistically significant differences in the capital budgeting practices used in different sectors, professional accountants are more likely to use net present value and sensitivity analysis than non-professional accountants.Research limitations/implicationsThe sample is small, and consequently, findings may not be generalisable to the population.Originality/valueThis study makes a significant contribution to the body of literature in emerging countries such as Barbados on the usage of capital budgeting practices and factors that may influence their usage. It further contributes to policymakers, practitioners, organisations and stakeholders of organisations.
43
Musliamin, Musliamin, Djuanda Nawawi, Rakhmat Rakhmat, and Muhammad Tang Abdullah. "The Performance of the Regional People’s Representative Council in Implementing the Legislative and Budgeting Functions in Bone Regency." International Journal of Multicultural and Multireligious Understanding 7, no. 9 (October 1, 2020): 93. http://dx.doi.org/10.18415/ijmmu.v7i9.1928.
Full textAbstract:
The purpose of this study was to describe and analyze the performance of the Regional People’s Representatives Council (DPRD) of Bone Regency in implementing the legislative and budgeting functions. The type of research used is a mixed methodology that combines qualitative methods and quantitative methods. The data source of this research is members of the Bone Regency DPRD 2014-2019 membership period. The results showed that the legislative function was in the medium category, the budgeting function was in the medium category. For this reason, efforts should be made to improve the performance of the DPRD by improving the quality of the human resources of DPRD members and following comprehensive training, especially in the field of legislation and budgeting. Overall the performance of the DPRD Bone Regency 2014-2019 membership period in the implementation of the supervisory function shows a fairly good performance.
44
Fitriyah, Sayyidatul, and Moh Qudsi Fauzy. "Politik Anggaran Pemerintah Daerah Perspektif Maqasid Syari'ah: Studi Analisis Sektoral Pada APBD Kabupaten Bangkalan Tahun 2013-2015." Jurnal Ekonomi Syariah Teori dan Terapan 4, no. 10 (December 15, 2017): 787. http://dx.doi.org/10.20473/vol4iss201710pp787-801.
Full textAbstract:
This research is conducted with a purpose to analyze the political budgets of Bangkalan regency in fiscal year 2013 to 2015 using maqāsid syari’ah perspective that is the adequate society of basic needs related with the protection of religions, lifes, intelligence, descendants, and wealth. The method used in this research is descriptive qualitative methods by the analyzed domain to observe the priority of government’s budgeting. The data is collected by interviews after obtaining all the realization data of budgeting in maqāsid syari’ah.The result of this research is shown that Bangkalan’s political budgeting of fiscal in 2013 to 2015 it had not depicted yet in the proper level of maqāsid syari’ah.
45
Yuzvovich, Larisa, Ekaterina Korogodina, and Lucia Azisova. "Improving the System of Budgeting at Industrial Enterprises." SHS Web of Conferences 50 (2018): 01015. http://dx.doi.org/10.1051/shsconf/20185001015.
Full textAbstract:
The scientific article is devoted to the issues of budgeting system at industrial enterprises. The problem of improving the budgeting system in the enterprises of the corporate sector has always been a key issue for both government and business. In a time of economic turmoil and post-crisis periods, this problem becomes even more relevant. Methodological tools are analytical and economic methods of information processing. The relevance, theoretical and practical significance of the scientific research is determined by the focus on solving an important scientific and practical problem of empirical importance for budgeting within the financial planning system with limited financial resources and optimization of project financing sources.
46
Van Meensel, J., A. Kanora, L. Lauwers, J. Jourquin, L. Goossens, and G. Van Huylenbroeck. "From research to farm: ex ante evaluation of strategic deworming in pig finishing." Veterinární Medicína 55, No. 10 (November 10, 2010): 483–93. http://dx.doi.org/10.17221/2940-vetmed.
Full textAbstract:
This paper upgrades generic and partial information from parasitological research for farm-specific decision support, using two methods from managerial sciences: partial budgeting and frontier analysis. The analysis focuses on strategic deworming in pig finishing and assesses both effects on economic performance and nutrient efficiency. The application of partial budgeting and frontier analysis is based on a production-theoretical system analysis which is necessary to integrate parasitological research results to assess aggregate economic and environmental impacts. Results show that both statistically significant and insignificant parasitological research results have to be taken into account. Partial budgeting and frontier analysis appear to be complementary methods: partial budgeting yields more discriminatory and communicative results, while frontier methods provide additional diagnostics through exploring optimization possibilities and economic-environmental trade-offs. Strategic deworming results in a win-win effect on economic and environmental performances. Gross margin increases with 3 to 12 € per average present finisher per year, depending on the cyclic pig price conditions. The impact on the nutrient balance ranges from +0.2 to –0.5 kg nitrogen per average present finisher per year. The observed efficiency improvements are mainly technical and further economic and environmental optimizations can be achieved through input re-allocation. A user-friendly spreadsheet is provided to translate the generic experimental information to farm-specific conditions.
47
Masterov, A. I. "Problems and Ways to Improve Results-Based Budgeting in Russia." Finance: Theory and Practice 23, no. 2 (May 4, 2019): 44–57. http://dx.doi.org/10.26794/2587-5671-2019-23-2-44-57.
Full textAbstract:
Based on the analysis of macroeconomic statistics, the article reveals the significance of programmatic approaches in budgeting concerning Russia’s state reflation. The purpose of the article is to identify problems impeding results-based budgeting in Russia and to find the ways to solve them. The methods of dynamic, system and factor analysis have been used. Foreign experience and best practices of program approaches in budgeting have been analyzed. It has been concluded that the following problems impede the effectiveness of introducing program approaches into Russia’s budgeting process: insufficient methodological elaboration of state programs; underdevelopment of planning institutions; low efficiency level of investment projects; poorly developed corporate sector of the economy. The authors have developed recommendations on increasing the effectiveness of the program approaches in Russia’s budgeting process: to create a specialized body responsible for developing the methodological support for results-based budgeting; to process current methodological support and to develop recommendations on improving the quality of economic planning; to introduce holding competitions for investment projects to get the right to implement them at the expense of the state budget. Further development of the results-based budgeting in Russia depends on the quality of the developed state programs and the effectiveness of individual investment projects. This requires improving the quality of planning and analytical calculations at the planning stage. The state should raise its attention to the quality of state programs as well as to the methodological support for planning investment projects implemented within the framework of the program approach.
48
Kengatharan, Lingesiya. "Do Firms' Characteristics Make a Difference of the Choice of Capital Budgeting Practices? Evidence from Sri Lanka." Asian Journal of Finance & Accounting 9, no. 2 (December 28, 2017): 330. http://dx.doi.org/10.5296/ajfa.v9i2.11161.
Full textAbstract:
The aim of this study was to examine the differences of the choice of capital budgeting practices in terms of firms’ characteristics of Sri Lankan companies. The primary data were garnered from 186 financial officers using self-administered questionnaires. Collected data were then analysed using independent sample t- test. The Results of the study revealed that the use of simple capital budgeting practices were mostly preferred by small sized firms and mainly managed by finance professionals with non-MBA educational qualifications and short tenure. Sophisticated and advanced capital budgeting practices were used mostly by large firms; and were mainly managed by finance professionals with master of business administration qualification and long tenure. According to the industry differences, accounting rate of return was primarily applied by non-MBA qualified financial officers and was also preferred by non-manufacturing firms. None of the other methods made any significant differences in terms of type of industry. Sophisticated capital budgeting practices were determined by the size of the capital budget, advanced capital budgeting practices were determined by both the size of the capital budget and the educational qualifications of the finance professionals. In a similar vein, simple capital budgeting practices were determined by the size of the capital budget, the educational qualifications of the financial officers, and type of industry. Overall, this study has made parametric contributions to the choice of capital budgeting practices in terms of firms’ characteristics of Sri Lankan companies. The findings of the study are useful to the investment decision makers when they are appraising investment projects.
49
Nurullah, Mohamed, and Lingesiya Kengatharan. "Capital budgeting practices: evidence from Sri Lanka." Journal of Advances in Management Research 12, no. 1 (May 5, 2015): 55–82. http://dx.doi.org/10.1108/jamr-01-2014-0004.
Full textAbstract:
Purpose – The purpose of this paper is to investigate prevailing capital budgeting practices in Sri Lankan listed companies. Design/methodology/approach – A comprehensive primary survey was conducted of 32 out of 46 chief financial officers (CFOs) of manufacturing and trading companies listed on the Colombo Stock Exchange in Sri Lanka. Garnered data were then analyzed using appropriate statistical techniques. Findings – The results revealed that net present value (NPV) was the most preferred capital budgeting method, followed closely by payback (PB) and internal rate of return (IRR). Similarly, sensitivity analysis was regarded as the dominant capital budgeting tool for incorporating risk and the widely used method for calculating cost of capital was the weighted average cost of capital. Moreover, results revealed that size of the capital budget affects the use of the capital budgeting methods (NPV, IRR and PB) and incorporating risk tool (sensitivity analysis and simulation). Further, results revealed that CFOs had higher educational qualification were preferred to use sophisticated capital budgeting practices dominantly NPV, IRR and incorporating risk tool of sensitivity analysis although they were found to be reluctant in use of accounting rate of return. In a similar vein CFOs with higher experience were preferred using IRR and sensitivity analysis. Originality/value – This study contributed to academics, practitioners, policy makers and stakeholders of the company. Moreover, this research has proffered a more reliable and comprehensive analysis of capital budgeting practices in Sri Lankan listed manufacturing and trading firms. Since Sri Lanka is an unexplored country on capital budgeting practices, this research was originally contributed to the extant literature per se.
50
Sakti, Ratumas Resa Anggia. "Measurement of Financial Performance Using the Concept of Value for Money in The Government of Bandung City." JASa (Jurnal Akuntansi, Audit dan Sistem Informasi Akuntansi) 5, no. 1 (April 24, 2021): 113–22. http://dx.doi.org/10.36555/jasa.v5i1.1470.
Full textAbstract:
In the context of transparency and accountability of public money management, the Bandung City Government uses a tool called e-budgeting. Not only has the objectives of transparency and accountability, but the use of a budget formulation application system using e-budgeting is also expected to be able to improve the government's financial performance to be more economical, efficient, and effective. This study aims to measure the financial performance of the Bandung City Government before and after the use of e-budgeting using the concept of value for money for the 2014-2019 fiscal year. Data analysis used descriptive analysis with quantitative research methods. The results of the study are based on the Analysis of the Bandung City Government Budget Realization Report for the 2014-2016 fiscal year (before the use of e-budgeting) using the concept of Value for money, Bandung City Government financial performance shows economic criteria (78.72%), inefficient (98.04%) and effective (90.65%). Meanwhile, for the 2017-2019 fiscal year (after the use of e-budgeting) the financial performance of the Bandung City Government shows economic criteria (83.39%), inefficient (99.48%), and quite effective (88%).