Budgets, Decision and Financial Performance - an Integrated Approach to Economic Entities

Author:Gabriela Lidia TĂNASE, Ph. D. Student; Univ. Prof. Aurelia ŞTEFĂNESCU, Ph. D.; Univ. Prof. Eugeniu ŢURLEA, Ph. D.

JEL:G31, M41

DOI:

Keywords:economic entity, budgets, phases, decision, responsibility, management, financial performance

Abstract:
The approach of this research is founded on the results presented in the article "Assertions and Controversies Concerning Budgets in Economic Entities", published in issue no. 7/2012 of "Audit Financiar" Journal, which highlighted the active role of budgets in economic entities, based on existing conceptual controversies in publications on the matter. In this article authors continue the research in a dual manner: identification of conceptual dimensions specific to budgeting process, and identification of applied role of budgets, analyzing the impact of the information provided by them on the decision process adopted by the management of an economic entity. They also presents in a sequential manner, budgeting stages, correlations between budgets and analyzes decisions of an entity management in case of an existing budgeting process or in its absence. The research offers a synthesis of the ideas published regarding this subject in the national and international publications. \r\n

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