IDEAS home Printed from https://ideas.repec.org/a/ath/journl/tome17y2010(i)i1(17)p25-38.html
   My bibliography  Save this article

The Use Of Budgets In Forecasting The Activity Of The Firm

Author

Listed:
  • Mariana MAN

    (The University of Petrosani)

  • Ioan C. DIMA

    (“Valahia” University of Targoviste)

  • Daniela MITRAN

    (“Athenaeum” University Bucharest)

Abstract

The firm’s activity is recommended to develop in a permanent equilibrium between incomes and expenses. In the actual stage of transition of Romanian economy, the firms can not maintain this equilibrium because the expenses determined by the achievement of production overtake the level of the incomes obtained from the selling of production even when certain branches of activity are subsidized from the public budget. In these conditions, finding the methods that allow the sizing and control of the equilibrium relation between expenses and incomes represents a problem with which the firm’s management confronts. From this point of view the budget can become an instrument of correlation and especially of turning to good account the relation between incomes and expenses. Budgeting becomes a systematic economic practice that assumes the development of a process of formal assignment of financial resources that aim at the achievement of some established objectives for the future periods.

Suggested Citation

  • Mariana MAN & Ioan C. DIMA & Daniela MITRAN, 2010. "The Use Of Budgets In Forecasting The Activity Of The Firm," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 1(17), pages 25-38, March.
    • Handle: RePEc:ath:journl:tome:17:y:2010(i):i:1(17):p:25-38
    as

    Download full text from publisher

    File URL: http://aimr.univath.ro/archive/atharticles/2010-1/2010-1-2.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    budget; budgeting; forecasting; management by using budgets; expenditure budget; budget holders; manufacturing costs.;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ath:journl:tome:17:y:2010(i):i:1(17):p:25-38. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cosmin Catalin Olteanu and Emilia Vasile (email available below). General contact details of provider: https://edirc.repec.org/data/feathro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.