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    Nadun Kumara
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    Budgets are tools used for planning, coordinating, and controlling. There are different budgeting methods such as participative, incremental, rolling, and zero-based. Budgets can impact behavior by motivating goal congruence but also potential negatives like spending to budget, padding budgets, and empire building. Finance is a key resource and financial planning is needed to identify shortages and surpluses through cash budgeting, working capital management, and implications of under or over financing can lead to issues like overtrading, stock control, and cash management.

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    Budgets are tools used for planning, coordinating, and controlling. There are different budgeting methods such as participative, incremental, rolling, and zero-based. Budgets can impact behavior by motivating goal congruence but also potential negatives like spending to budget, padding budgets, and empire building. Finance is a key resource and financial planning is needed to identify shortages and surpluses through cash budgeting, working capital management, and implications of under or over financing can lead to issues like overtrading, stock control, and cash management.

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    7 views1 page

    Other

    Uploaded by

    Nadun Kumara
    Budgets are tools used for planning, coordinating, and controlling. There are different budgeting methods such as participative, incremental, rolling, and zero-based. Budgets can impact behavior by motivating goal congruence but also potential negatives like spending to budget, padding budgets, and empire building. Finance is a key resource and financial planning is needed to identify shortages and surpluses through cash budgeting, working capital management, and implications of under or over financing can lead to issues like overtrading, stock control, and cash management.

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    Attribution Non-Commercial (BY-NC)
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    Budgets as a tool: as a tool for planning, coordinating and control

    Budgeting methods: participative, incremental, rolling, zero-based. Behavioural consequences of budgets: motivation, goal congruence, spending to budget, padding the budget, empire building.

    1. Finance as a resource Finance costs: interest, dividends, opportunity costs, tax effects. Financial planning: the need to identify shortages and surpluses e.g: cash budgeting, working capital management, implications of failure to finance adequately, overtrading, stock control, cash management.

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