Observations on Budgeting and Planning Under an Efficient Controlling System on a Corporate Level
Veronica Grosu* and Mihaela Tulvinschi
Stefan cel Mare University, Faculty of Economics and Public Administration, University Street 13, Suceava, Romania
- *Corresponding Author:
- Veronica Grosu
Stefan cel Mare University
Faculty of Economics and Public Administration
University Street 13, Suceava, Romania
E-mail: [email protected]; [email protected]
Received Date: December 14, 2012; Accepted Date: May 28, 2012; Published Date: May 31, 2012
Citation: Grosu V, Tulvinschi M (2012) Observations on Budgeting and Planning Under an Efficient Controlling System on a Corporate Level. J Stock Forex Trad 1:101. doi: 10.4172/2168-9458.1000101
Copyright: © 2012 Grosu V, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
There is currently no economic entity that is free from distress, risks and difficulties of various kinds that eventually lead to rather negative effects on the business plans, on the strategies and the set objectives of the company and invariably affecting the corporate image and the relationships with business partners or other categories of stakeholders. Thus, regardless of their size, corporations now have to adjust, monitor and co validate the control activities and procedures in compliance with the effective regulations and, at the same time, react promptly and enforce corrective and continuous control measures in order to ensure of the efficiency of these actions and observe the active legal provisions. The objective of this paper focuses on this specific context, emphasizing and analyzing the manner in which the issues and the risks encountered by a business entity can be avoided or overcome through the implementation of the fundamental controlling principles that are defined by the significant controlling methods and instruments that are essential for the planning and budgeting of the economic and financial indicators.