Cookie policy: This site uses cookies (small files stored on your computer) to simplify and improve your experience of this website. Cookies are small text files stored on the device you are using to access this website. For more information on how we use and manage cookies please take a look at our privacy and cookie policies. Some parts of the site may not work properly if you choose not to accept cookies.

sections
Home > Adaptive Planning > Why Budgeting Fails: One Management System Is Not Enough
 

Why Budgeting Fails: One Management System Is Not Enough

White Paper Published By: Adaptive Planning
Adaptive Planning
Published:  Oct 19, 2011
Type:  White Paper
Length:  6 pages

It's inefficient, ages too quickly, and is out of sync with the strategic plan. No wonder so many executives hate toiling over the annual budget. But, says Peter Horvath (Europe's leading authority on management accounting, controlling, and budgeting), don't look to the budget as the sole management system. Horvath and his associate Ralf Sauter describe six ways to fix budgeting, including integrating it with such systems as the Balanced Scorecard, so that it supports strategy execution in today's fast-changing environment.



Tags : 
adaptive, marketry, business, finance, accounting, budget