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Current budgeting practices in U.S. industry : the state of the art /
Srinivasan Umapathy ; foreword by John Leslie Livingstone.
imprint
New York : Quorum Books, 1987.
description
xxxix, 176 p. ; 22 cm.
ISBN
0899302505 (lib. bdg. : alk. paper)
format(s)
Book
Holdings
More Details
imprint
New York : Quorum Books, 1987.
isbn
0899302505 (lib. bdg. : alk. paper)
general note
Includes index.
catalogue key
3491386
 
Bibliography: p. [167]-171.
A Look Inside
Full Text Reviews
Appeared in Choice on 1988-05:
This compact volume represents an interesting and important contribution to the literature on the budgeting process in modern American corporations. Umapathy presents the results of his extensive survey of more than 400 companies across nine industries. The survey is broad in scope and analyzes the budgeting process in the context of a number of factors. Specifically, Umapathy reviews corporate budgeting procedures in conjunction with firm management philosophy, organizational culture and development, long-range planning, corporate and business unit strategies, and strategy implementation. The results of the author's survey cut across several business disciplines and will be of interest to both researchers and practitioners of budgeting. The volume is well documented and contains an abundance of bibliographic citations; thus it can serve as an excellent guide to the literature on the budgeting process. Umapathy's stated goal in writing this book was to document and to interpret current corporate budgeting procedures; he successfully accomplishes both in this volume. A valuable acquisition to any corporate or academic library serving individuals with an interest in accounting or management.-S.P. Ferris, Virginia Polytechnic Institute and State University
Reviews
Review Quotes
'œThere are a number of texts and current articles on budgeting practices and procedures that are available to the student and even the practitioner. Most are dry, mechanical cookbooks or manuals and represent the theoretical, more than actual, practice. Umapathy's book differs markedly from the majority of others in that it presents a summary of results of actual practices, along with his recommendations. Whether or not a reader agrees with all of his conclusions, one must respect the significant authority behind them. There is room for improvement in the planning function in most of our company's today, and Umapathy's book makes a significant contribution.'' Charles H. Sellman, Vice President, Controller and Treasurer, Barry Wright Corporation
'œThis book presents a rich, thought-provoking data set that will be of great use to practitioners and academics. This book makes an important contribution to our knowledge of budgeting practices. The survey was well conceived, and the book is well written.'' Kenneth A. Merchant, Associate Professor of Business Administration, Harvard University Graduate School of Business Admin.
'œUmapathy, in conjunction with the National Association of Accountants, surveyed over 400 companies nationwide to compile a profile of budgeting practices and budget manager qualifications. He also sought to determine whether there are significant variations in practices in different industries, different management philosophies, and between financially successful and unsuccessful companies. In the last two chapters, he provides a number of suggestions for improving budgetary practices by examining those used by successful companies and exploring the implications of the research for managers and academics. He briefly describes a model of effective planning and control systems that combines the perspectives of accounting, organizational behavior, and strategic policy. Accountants in industry will find this an interesting work with a lot of useful information to help appraise the relative state of their companies' budgeting practices. Academic accountants will encounter much interesting data and a good synthesis of recent research on the subject.'' Journal of Accountancy
This item was reviewed in:
Choice, May 1988
To find out how to look for other reviews, please see our guides to finding book reviews in the Sciences or Social Sciences and Humanities.
Summaries
Long Description
Umapathy, in conjunction with the National Association of Accountants, surveyed over 400 companies nationwide to compile a profile of budgeting practices and budget manager qualifications. He also sought to determine whether there are significant variations in practices in different industries, different management philosophies and between financially successful and unsuccessful companies. In the last two chapters he provides a number of suggestions for improving budgetary practices by examining those used by successful companies and exploring the implications of the research for managers and academics. He briefly describes a model of effective planning and control systems taht combines the perspectives of accounting, organizational beharior, and strategic policy. Accountants in industry will find this an interesting work with a lot of useful information to help appraise the relative state of their companies' budgetary practices. Academic accountants will encounter much interesting data and a good syntheses of recent research on the subject. Journal of Accountancy
Unpaid Annotation
"Umapathy, in conjunction with the National Association of Accountants, surveyed over 400 companies nationwide to compile a profile of budgeting practices and budget manager qualifications. He also sought to determine whether there are significant variations in practices in different industries, different management philosophies and between financially successful and unsuccessful companies. In the last two chapters he provides a number of suggestions for improving budgetary practices by examining those used by successful companies and exploring the implications of the research for managers and academics. He briefly describes a model of effective planning and control systems taht combines the perspectives of accounting, organizational beharior, and strategic policy. Accountants in industry will find this an interesting work with a lot of useful information to help appraise the relative state of their companies' budgetary practices. Academic accountants will encounter much interesting data and a good syntheses of recent research on the subject." Journal of Accountancy
Table of Contents
Foreword
Preface
Overview of the Study Research
Objectives and Methodology
Characteristics of the Participants Management
Philosophy and Budgeting Long-Range
Planning Practices
Budgetary Practices in the United States Budget Manager
Characteristics Changes in Budgetary Practices during the Period 1958-1984
Company Characteristics and Budgetary Practices
Budgetary Practices in Successful Firms Implications for Managers and Academics
A Summary of Questionnaire Responses
A Partial List of Participating Firms
Bibliography
Index
Table of Contents provided by Publisher. All Rights Reserved.

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