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Operating Budget – Theory And Practice

Author

Listed:
  • Cristina Aurora BUNEA-BONTAS

    (”Constantin Brancoveanu” University of Pitesti, Romania)

Abstract

A predictive management involves the planning and budgeting of the company's main activities and the control of compliance with the budget provisions, which makes the budget the main component of management control. Throughout the company's activity, no matter how perfect the company's strategy is, a control of forecasts is necessary in order to detect the causes that lead to the appearance of deviations, establish responsibilities and provide the necessary corrective measures. This article aims to present the operating budget of the company, its structure and the stages of the budgeting process. The advantages and disadvantages of using the operating budget as a predictive management tool are also emphasized.

Suggested Citation

  • Cristina Aurora BUNEA-BONTAS, 2023. "Operating Budget – Theory And Practice," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 8(3), pages 22-27.
    • Handle: RePEc:brc:brccej:v:8:y:2023:i:3:p:22-27
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    More about this item

    Keywords

    budget; operating budget; sales budget; production budget; production cost budget;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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