In this paper, we examine the role of budgets as a central instrument within the management control system (MCS) in a creative context. In particular we investigate whether creative firms characterized by different kinds of creativity use their budgets in a similar way. We hereby distinguish ...
Bjarte Bogsness’s work on Beyond Budgeting is excellent for separating the different concerns of budgets like resource allocation and motivation and prioritisation, providing more flexibility, as well as being beautifully alliterative. Budgeting for half a year or quarterly lets you change direction ...
different monetary choices might have led to less inflation. But they would have risked much higher levels of unemployment. No, we never will know how that counterfactual would have worked out. But I consider the
During the last hard market, carriers looked to make immediate cuts to their marketing budgets, but some channels are harder to cut than others. For instance, television usually requires advertisers to make long-term commitments up front, which prevents carriers from having the flexibility to quickl...
When a business thinks about their inventory, they must ensure that they meet the needs of the consumer. At the same time, they need to manage just how much inventory they carry, because there is a fixed cost associated with carrying the cost of inventory and not selling it....
Identify and briefly explain two (2) types of Non-Financial Budgets. Discuss the differences between proprietary funds, internal service funds, and enterprise funds. How do the differences affect accounting for each type of fund? Describe the differences between the three types of...
SUNY Geneseo, our second-ranked master’s-granting institution, benefits from New York State’s continued investment in higher learning. While nearly all states enacted large cuts to university budgets after the Great Recession, a few, including New York and California, have restored almost all of...
While the spending bills could do a tremendous amount of good, policy makers need to get the details right. Absent tough regulation, for instance, state governments will be tempted to cut their higher education budgets by the amount of extra aid Washington is sending, leaving the intended ...
The good news is that budgets for promotion are relatively small while the target audience is pretty huge. There’s practically no limit to who one can reach here. Businesses that collaborate with arbitrageurs there can easily find people who need a certain development path...
True or false? Planning works best when the goals and action plans at the bottom and middle of the organization support the goals and action plans at the top of the organization. True or false? The three kinds of operational plans are single-use plans, standing plans, and budgets. ...