Conceptualising a new and contemporary model for the successful implementation of "continuous" budgeting / Wee Shu Hui, Ibrahim Abdul Rahman and Syazliana Kassim

Budgets have been the most important management control and tool for decades. Budgets are being used to give direction to company by setting the predetermined targets to be achieved. Company used budgeting in setting the rewards, plan actions, allocate resources, coordinate plans across the company,...

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Main Authors:	Wee, Shu Hui, Abdul Rahman, Ibrahim, Kassim, Syazliana
Format:	Research Reports
Language:	English
Published:	Research Management Institute (RMI) 2013
Subjects:	Management. Industrial Management
Online Access:	http://ir.uitm.edu.my/id/eprint/21556/ http://ir.uitm.edu.my/id/eprint/21556/1/LP_WEE%20SHU%20HUI%20RMI%2013_5.pdf

id	uitm-21556
recordtype	eprints
spelling	uitm-215562018-10-01T08:24:34Z http://ir.uitm.edu.my/id/eprint/21556/ Conceptualising a new and contemporary model for the successful implementation of "continuous" budgeting / Wee Shu Hui, Ibrahim Abdul Rahman and Syazliana Kassim Wee, Shu Hui Abdul Rahman, Ibrahim Kassim, Syazliana Management. Industrial Management Budgets have been the most important management control and tool for decades. Budgets are being used to give direction to company by setting the predetermined targets to be achieved. Company used budgeting in setting the rewards, plan actions, allocate resources, coordinate plans across the company, and then measure and control performance against the agreed plan. However, as time pass by, the management and control tools also have evolved. There has been an increasing dissatisfaction with the budgeting practices that was developed in the 1920's where things were not unpredictability like todays. In the present days, we have an environment where the competitive factor between the companies have grown. The increasing complexity in business has made the future more unpredictable. This new environment gives new challenges for a company to control their management. Budgeting models should be able to drive the companies to be in line with the developments of today's business markets that growing to be fast moving and competitive. Aware of the rapidly growing competition, companies have evaluating their budgeting systems. From the evaluating process, there are some companies that are dissatisfied with their budgeting systems. Hence, many companies tried to improve their budgeting systems (Libby & Lindsay, 2010). Additionally, in coping the increasing complexity environment, there is new management and control tools have been developed. One example is the beyond budgeting model. Beyond budgeting is a model that suggests the abolishment of annual budgets and implements tools that are better in managing the company than traditional annual budgets. Research Management Institute (RMI) 2013 Research Reports NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/21556/1/LP_WEE%20SHU%20HUI%20RMI%2013_5.pdf Wee, Shu Hui and Abdul Rahman, Ibrahim and Kassim, Syazliana (2013) Conceptualising a new and contemporary model for the successful implementation of "continuous" budgeting / Wee Shu Hui, Ibrahim Abdul Rahman and Syazliana Kassim. [Research Reports] (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Management. Industrial Management
spellingShingle	Management. Industrial Management Wee, Shu Hui Abdul Rahman, Ibrahim Kassim, Syazliana Conceptualising a new and contemporary model for the successful implementation of "continuous" budgeting / Wee Shu Hui, Ibrahim Abdul Rahman and Syazliana Kassim
description	Budgets have been the most important management control and tool for decades. Budgets are being used to give direction to company by setting the predetermined targets to be achieved. Company used budgeting in setting the rewards, plan actions, allocate resources, coordinate plans across the company, and then measure and control performance against the agreed plan. However, as time pass by, the management and control tools also have evolved. There has been an increasing dissatisfaction with the budgeting practices that was developed in the 1920's where things were not unpredictability like todays. In the present days, we have an environment where the competitive factor between the companies have grown. The increasing complexity in business has made the future more unpredictable. This new environment gives new challenges for a company to control their management. Budgeting models should be able to drive the companies to be in line with the developments of today's business markets that growing to be fast moving and competitive. Aware of the rapidly growing competition, companies have evaluating their budgeting systems. From the evaluating process, there are some companies that are dissatisfied with their budgeting systems. Hence, many companies tried to improve their budgeting systems (Libby & Lindsay, 2010). Additionally, in coping the increasing complexity environment, there is new management and control tools have been developed. One example is the beyond budgeting model. Beyond budgeting is a model that suggests the abolishment of annual budgets and implements tools that are better in managing the company than traditional annual budgets.
format	Research Reports
author	Wee, Shu Hui Abdul Rahman, Ibrahim Kassim, Syazliana
author_facet	Wee, Shu Hui Abdul Rahman, Ibrahim Kassim, Syazliana
author_sort	Wee, Shu Hui
title	Conceptualising a new and contemporary model for the successful implementation of "continuous" budgeting / Wee Shu Hui, Ibrahim Abdul Rahman and Syazliana Kassim
title_short	Conceptualising a new and contemporary model for the successful implementation of "continuous" budgeting / Wee Shu Hui, Ibrahim Abdul Rahman and Syazliana Kassim
title_full	Conceptualising a new and contemporary model for the successful implementation of "continuous" budgeting / Wee Shu Hui, Ibrahim Abdul Rahman and Syazliana Kassim
title_fullStr	Conceptualising a new and contemporary model for the successful implementation of "continuous" budgeting / Wee Shu Hui, Ibrahim Abdul Rahman and Syazliana Kassim
title_full_unstemmed	Conceptualising a new and contemporary model for the successful implementation of "continuous" budgeting / Wee Shu Hui, Ibrahim Abdul Rahman and Syazliana Kassim
title_sort	conceptualising a new and contemporary model for the successful implementation of "continuous" budgeting / wee shu hui, ibrahim abdul rahman and syazliana kassim
publisher	Research Management Institute (RMI)
publishDate	2013
url	http://ir.uitm.edu.my/id/eprint/21556/ http://ir.uitm.edu.my/id/eprint/21556/1/LP_WEE%20SHU%20HUI%20RMI%2013_5.pdf
first_indexed	2023-09-18T23:06:49Z
last_indexed	2023-09-18T23:06:49Z
_version_	1777418538285268992

Conceptualising a new and contemporary model for the successful implementation of "continuous" budgeting / Wee Shu Hui, Ibrahim Abdul Rahman and Syazliana Kassim

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