Budgeting: Approaches and shortcomings

Seminar paper from the year 2005 in the subject Business economics - Controlling, grade: 2,0, European University Viadrina Frankfurt (Oder), language: English, abstract: The present paper purposes to highlight two most well known approaches to budgeting, specifically classical and zero-base budgeting. In last years there is much criticism blaming shortcomings of the both. However, such treatment seems to be biased without deep penetration in the nature of budgeting systems. The paper does n...