Блаоје Новићевић, Марија Грујица Никодијевић

DOI Number
First page
Last page


Budgeting is an efficient management tool by which future financial performances of an enterprise are projected ie. enterprises’ expectations are expressed in the formal - quantitative terms. A paper illustrates the role and importance of budgeting as a management instrument and how companies can improve their business using budgeting. Simultaneously with the usе of budgeting in the company, the occurrence of a specific behavior of managers and employees is observed in practice, which is caused by the budgeting process. The paper examines how budgeting affects the behavior and interpersonal relationships within the company ie. it explores the behavioural aspects of budgeting. The paper attempts to identify the nature and effects of behavioral aspects of enterprise budgeting in order to eliminate dysfunctional behavior or at least to reduce it to an acceptable level.


budgeting, behavioural aspects, motivation, participation, performance evaluation.

Full Text:

PDF (Cрпски)


Banović, D. (2005). Evolution and critical evaluation of current budgeting practices. Masters tesis, Faculty of Economics, Ljubljana

Bešlić, D., Bešlić, I. (2009). Računovodstveno planiranje (budžetiranje) i kontrola troškova po segmentima preduzeća. [Accounting planning (budgeting) and cost control through company segments, Škola biznisa, 3. 86-96.

Drury, C. (1992). Cost and Management Accounting. (3rd edition). London: Chapman & Hall

Drury, C. (2006). Cost and Management Accounting. (6th edition). London: Thomson Learning

Hopwood, A.G. (1972). An Empirical Study of the Role of Accounting Data in Performance Evaluation. Journal of Accounting Research, supplement, vol. 10: 156-182.

Jain, P. C. (1989). Game of budgeting and human behaviour. New Delhi: Concept Publishing Company

Malinić, D. (2011). Unapređenje sistema budžetiranja kao izvor sticanja konkurentske prednosti. [Improving of budgeting system as a source of gaining competitive advantage, Ekonomske ideje i praksa, 2. 54-80.

Mihailović, B., Cvijanović, D., Simonović, Z. (2015). Uloga poslovne etike u menadžmentu ljudskih resursa [Role of business ethics in management of human resources, Ekonomika, 61(1), 85-96.

Novićević, B. (2003). Upravljačko računovodstvo – budžetska kontrola. [Management Accounting – Budget Control], Ekonomski fakultet, Niš

Otley, D. (1987). Accounting Control and Organizational Behaviour, Heinemann

Raghunandan, M., Ramgulam, N., & Raghunandan-Mohammed, K. (2012). Examining the Behavioural Aspects of Budgeting with particular emphasis on Public Sector/Service Budgets. International Journal of Business and Social Science, 3(14), 110-117.

Stevanović T. (2013). Poslovni budžet – instrument za realizaciju strategijskih ciljeva preduzeća. [Business budget - a tool for implementation companies' strategic goals, Ekonomske teme, 51(2). 377-392.



  • There are currently no refbacks.

© University of Niš, Serbia
Creative Commons licence CC BY-NC-ND
Print ISSN: 0353-7919
Online ISSN: 1820-7804