A field study of budgeting process and perceived usefulness of the budget in organization in a developing country - The case of Ghana

Tsamenyi, Mathew, Mills, Jenifer and Tauringana, Venancio (2003) A field study of budgeting process and perceived usefulness of the budget in organization in a developing country - The case of Ghana. Journal of African Business, 3 (2), 85-103. (doi:10.1300/J156v03n02_05).

Record type: Article

Abstract

This paper reports on a field study undertaken to investigate the budgeting process in four large-scale organizations in Ghana. The perceived usefulness of the budget within these organizations was explored using data collected from questionnaires and interviews with forty-eight managers in the four organizations. This examination of the budgeting process suggests that the managers have minimal participation in budget decisions. Furthermore, the budget was minimally perceived as a planning and control device. The managers perceived the budget's resource allocation role as its most useful purpose. The findings contribute to the literature on management accounting in the developing world.

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