Using an intelligent budget in confronting budgetary slacks. | ||||
| مجلة الدراسات المالية والتجارية | ||||
| Volume 33, Issue 2, August 2023, Page 105-132 PDF (714.33 K) | ||||
| Document Type: المقالة الأصلية | ||||
| DOI: 10.21608/mosj.2023.313023 | ||||
 View on SCiNiTO | ||||
| Author | ||||
| محمود محمد زين | ||||
| كلية ادارة الاعمال - جامعة النهضة | ||||
| Abstract | ||||
| Research Purpose: Proposing an intelligent budget that is proactive, sensitive, and responsive to any changes that might happen. The main purpose of developing that intelligent budget is not only confronting budgetary slacks that results from agents’ moral hazards such as budgetary frauds or budgetary collusions, but also the slacks resulting from the sudden or unexpected changes in the business environment which have been referred to it as contingent factors. Research design/Methodology: The research has been prepared using a combination of both deductive and inductive methodology, through the review of the academic literature of management accounting in the field of budgeting, and also through the creation of a new proposed model for budgeting called the intelligent budget. Also a questionnaire has been conducted to validate the assumptions of the research. Research Originality: The research is mainly based on evaluating the traditional budgeting techniques and propose a whole new budget calling it an intelligent budget that is a combination of several parts such as the forecasting techniques used in the budget and also the budgeting team responsible for the budget preparation. Research Findings: It as concluded that, the determination of the forecasting technique itself is highly affecting the success of the proposed intelligent budget. Accordingly, it was suggested that rolling forecast is the most appropriate technique for an intelligent budget due to the continuous modifications allowed to be done in the budget to keep up with the changes as previously mentioned. The bargaining capacity and the bargaining ability of each agent is a major factor affecting the budget, and knowing that there might be coalitions between the agents is a matter that complicates the predictability of the budget. Accordingly, an intelligent budget should take into consideration the behavioral aspects and the multiple scenarios for each singular item to be determined in the budget. | ||||
| Keywords | ||||
| Budgeting; Intelligent Budget; Budgetary Slacks | ||||
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