A computer-based approach for resolving budget discrepancy

Information technologies (IT) have drastically transformed many business activities in the past 30 years. Among the numerous business activities in organizations, the budget preparation process plays a very important role. Although there are many developed systems available to automate certain as...

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Bibliographic Details
Main Author: Chun, Fan
Format: Others
Language:English
Published: 2009
Online Access:http://hdl.handle.net/2429/5934
Description
Summary:Information technologies (IT) have drastically transformed many business activities in the past 30 years. Among the numerous business activities in organizations, the budget preparation process plays a very important role. Although there are many developed systems available to automate certain aspects of the budgeting process, there is much more that can be done. This thesis studies the budgeting process and certain behavioral factors involved in the preparation of the budget. Knowing the complications inherent in budgeting, effort has been directed towards automating the mechanistic portion of the process; narrowing down the differences; and identifying the sources of discrepancy by using a computer-based system. Based on an algorithm derived from a manually solved budgeting case, the requirements of automation were studied, a computer based system was developed and tested. In addition, directions for future studies are suggested in this thesis. === Business, Sauder School of === Graduate