search query: @indexterm FLEXIBILITY / total: 403
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| Author: | Frow, N. Marginson, D. Ogden, S. |
| Title: | "Continuous" budgeting: Reconciling budget flexibility with budgetary control |
| Journal: | Accounting, Organizations and Society
2010 : MAY, VOL. 35:4 p. 444-461 |
| Index terms: | budgeting flexibility budgetary control case studies objectives strategy |
| Language: | eng |
| Abstract: | The study investigates the role of budgeting in the context of the more flexible modes of management required in conditions of uncertainty. Based on case study evidence, the notion of "continuous budgeting" (hereafter as: cont. bdgt.) is introduced to highlight the ways in which one organization sought to reconcile these potentially conflicting objectives. The processes of cont. bdgt. seemed to encourage managers to use their discretion in operational matters when confronted by unexpected events, thus enabling managers to prioritise the revision of plans and reallocation of resources in order to meet wider strategic organizational objectives. Moreover, cont. bdgt. imposed strict accountabilities to ensure managers remaining committed to achieving their own and the organization's financial targets. |
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