Learn about budgetary slack, its impacts on business performance, and effective strategies for prevention to ensure competitive advantage and financial success.

Budgetary slack refers to the deliberate adjustment of additional cash outlays in expectation of future cash flow. Budgetary slack functions by undervaluing the total income or revenue that the ...

Many businesses use budgeting as a management tool to plan for future activities, allocate competing resources and evaluate team performance. Budgets mostly deal with estimates and projections that ...

As the policymakers move into the budget making process, they are faced with the challenge to put in place a sustainable basis for a three-year rolling programme under the Medium-Term Budgetary ...

The Accounting Review is the premier journal for publishing articles reporting the results of accounting research and explaining and illustrating related research methodology. The scope of acceptable ...

Economic theory suggests that it is optimal for governments to use precautionary saving as a countercyclical tool.However, the availability of surplus funds often triggers political pressure for tax ...