An exploratory study of operational reasons to budget

Sivabalan, P; Booth, P; Malmi, T; Brown, DA

An exploratory study of operational reasons to budget

Sivabalan, P

Booth, P

Malmi, T Brown, DA

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Publication Type:: Journal Article
Citation:: Accounting and Finance, 2009, 49 (4), pp. 849 - 871
Issue Date:: 2009-12-01

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Field	Value	Language
dc.contributor.author	Sivabalan, P https://orcid.org/0000-0002-7112-2385	en_US
dc.contributor.author	Booth, P https://orcid.org/0000-0001-7219-1502	en_US
dc.contributor.author	Malmi, T	en_US
dc.contributor.author	Brown, DA	en_US
dc.date.issued	2009-12-01	en_US
dc.identifier.citation	Accounting and Finance, 2009, 49 (4), pp. 849 - 871	en_US
dc.identifier.issn	0810-5391	en_US
dc.identifier.uri	http://hdl.handle.net/10453/10067
dc.description.abstract	Budgets are used widely but criticized, mainly for performance evaluation reasons. We find that organizations regard budgets as more important for planning and control than evaluation, thus proposing a rationale for their continued use irrespective of evaluation-based criticisms. This finding is also important, because most extant budget research focuses on evaluation, suggesting a potential disconnect between budget research and practice. We also find that rolling forecasts are used in tandem with the annual budget in most organizations, and for the same reasons. This was unexpected, as coexistence suggests their adoption for different reasons. © 2009 AFAANZ.	en_US
dc.relation.ispartof	Accounting and Finance	en_US
dc.relation.isbasedon	10.1111/j.1467-629X.2009.00305.x	en_US
dc.subject.classification	Accounting	en_US
dc.title	An exploratory study of operational reasons to budget	en_US
dc.type	Journal Article
utslib.citation.volume	4	en_US
utslib.citation.volume	49	en_US
utslib.for	150103 Financial Accounting	en_US
utslib.for	1402 Applied Economics	en_US
utslib.for	1501 Accounting, Auditing and Accountability	en_US
utslib.for	1502 Banking, Finance and Investment	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Accounting Discipline
utslib.copyright.status	closed_access
pubs.issue	4	en_US
pubs.publication-status	Published	en_US
pubs.volume	49	en_US

Abstract:

Budgets are used widely but criticized, mainly for performance evaluation reasons. We find that organizations regard budgets as more important for planning and control than evaluation, thus proposing a rationale for their continued use irrespective of evaluation-based criticisms. This finding is also important, because most extant budget research focuses on evaluation, suggesting a potential disconnect between budget research and practice. We also find that rolling forecasts are used in tandem with the annual budget in most organizations, and for the same reasons. This was unexpected, as coexistence suggests their adoption for different reasons. © 2009 AFAANZ.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/10067