Assertions and Controversies Concerning Budgets in Economic Entities

Author:Univ. Prof. Aurelia ŞTEFĂNESCU, Ph.D., Univ. Prof. Eugeniu ŢURLEA, Ph.D., Gabriela Lidia TĂNASE Ph.D. Student

JEL:G31, M41

DOI:

Keywords: budget, budgeting process, decision, management, performance, arguments, counter arguments

Abstract:
In an economic environment dominated by uncertainty, the risk of failure for economic entities keeps on growing. In this context, budgets represent a challenge both for researchers and professional accountants. Through this fundamental research we answer the controversy concerning the classification of budget as an out of date concept. The research realizes a synthesis of the ideas published regarding this subject in the national and international literature. This article presents the concept of budget and his different facets, identifies the divergences and interferences regarding the types of budgets and proposes a new approach to the classification of budgets in economic entities. Also, identifies and analyzes the arguments and counter arguments concerning the opportunity and utility of budgeting by economic entities.\r\n

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