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Summary : Accounting, Budgeting and Control Systems

  • Submitted by: dindotazrudin
  • on November 18, 2013
  • Category: College Admissions
  • Length: 286 words

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Below is a free excerpt of "Summary : Accounting, Budgeting and Control Systems" from Anti Essays, your source for free research papers, essays, and term paper examples.

Accounting, Budgeting and Control Systems
in their Organizational Context: Theoretical and Empirical Perspectives
by : Eric G. FlamHoltz

The process of exercising control in an organization is significantly more complex than conventional managerial accounting theory suggests. Budgeting and even an accounting system cannot be viewed as a control system per se; rather, they must be seen as a part of a carefully designed total system of organizational control. If   the linkages between budgeting and an accounting measurement system and the other prerequisites of a control system are not adequate,
then the system may not fulfil its intended functions.
In addition if a firm culter and its core control system are note synchronized it is not likely that even a well integrated core system will actualy influence behavior in its intended ways.

Case studies:
1. Medium sized residential real estate company   : Conentional budgeting and control system
This study aimed to test whether a budget is a control system or a component of the overall control system in a company.
2. Small distributor of industrial abrasives : accounting system and organizational.
This study aimed to see whether the accounting system can function as part of the control system in a company.
3. Very large US financial institution: Organiztional culture and zero based budgeting as control     mechanism.
This study aimed to test whether a budget is a control system or a component of the overall control system in a company.

Conclusion
The need for a different orientation of the role that accounting and budgeting play in the control process as well as a broader concept of control it self.

Organization Control system :
Organizational environtment consist of :
  1. Organizational Culture
  2. Organizational Structure
  3. Core system (planning, operations, measurement and evaluation)

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APA Citation

Summary : Accounting, Budgeting and Control Systems. Anti Essays. Retrieved December 10, 2018, from the World Wide Web: http://snehaedu.com/free-essays/Summary-Accounting-Budgeting-And-Control-547245.html