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The first key feature is authorization, this makes managers accountable for their actions/spending and helps prevent fraud in an organisation (Atrill, McLaney, 2011). For an organisation it is important to make the right choice between a centralised control of the budget, where the organisations overall aspirations are at the heart of any decision making, or to delegate the responsibility to subordinates who will have a better understanding of their local environment. Usually a mixture of centralised and delegated control is chosen, giving some responsibility to subordinates to maintain motivated (Berry, Broadbent, Otley, 2005 p.108). Goal congruence is best achieved by using authorization in the budgetary process to keep Managers / Subordinates clear on what is expected of them from a financial point of
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Insights from Practice is your Organisation ready for Beyond-Budgeting?, Measuring Business Excellence. Q Emerald Group Publishing Limited, 9 (2) (November) pp. 56-67. de Waal, A., Hermkens-Janssen. M., Van de Ven, A., 2011. The Evolution Adoption Framework. Emerald Group Publishing Limited.
Drury, C., 2004. Management and Cost Accounting. 6th ed. London: Thomas Learning.
Garrett, K., 2010. Budgeting. ACCA.
Geert, H., Hofstede., 1968. The Game of Budget Control. London: Tavistock Publication.
Hemashree, A., 2008. A Study on Working of Modern and Traditional Retail Outlets. Dharwad: University of agricultural sciences.
Hope, J., Fraser, R., 2003. Beyond Budgeting. United States: Harvard Business School Publishing Corporation.
Marginson, D., Ogden, S., 2005. Budgeting and Innovation, Financial Management.
Pashardes, P., 1986. Myopic and Forward Looking Behaviour in a Dynamic Demand System, International Economic Review. Wiley, 27 (2) (June), pp.387-397.
Weetman, P., 2010. Management Accounting .2nd ed. Essex: Pearson Education Limited.
Welsch, G. A., Hilton, R. W., & Gordan, P. N., 1988. Budgeting - Profit, Planning and Control. 5th ed. New Jersey: Prentice
Insights from Practice is your Organisation ready for Beyond-Budgeting?, Measuring Business Excellence. Q Emerald Group Publishing Limited, 9 (2) (November) pp. 56-67. de Waal, A., Hermkens-Janssen. M., Van de Ven, A., 2011. The Evolution Adoption Framework. Emerald Group Publishing Limited.
Drury, C., 2004. Management and Cost Accounting. 6th ed. London: Thomas Learning.
Garrett, K., 2010. Budgeting. ACCA.
Geert, H., Hofstede., 1968. The Game of Budget Control. London: Tavistock Publication.
Hemashree, A., 2008. A Study on Working of Modern and Traditional Retail Outlets. Dharwad: University of agricultural sciences.
Hope, J., Fraser, R., 2003. Beyond Budgeting. United States: Harvard Business School Publishing Corporation.
Marginson, D., Ogden, S., 2005. Budgeting and Innovation, Financial Management.
Pashardes, P., 1986. Myopic and Forward Looking Behaviour in a Dynamic Demand System, International Economic Review. Wiley, 27 (2) (June), pp.387-397.
Weetman, P., 2010. Management Accounting .2nd ed. Essex: Pearson Education Limited.
Welsch, G. A., Hilton, R. W., & Gordan, P. N., 1988. Budgeting - Profit, Planning and Control. 5th ed. New Jersey: Prentice