Особености при отчитането на бюджетното изпълнение в зависимост от поставените цели и информационните потребности
Specificities of Budget Execution Reporting Based on Goals and Informational Needs

Author(s): James Jolovski
Subject(s): Politics / Political Sciences, Politics, Economy, Business Economy / Management, Fiscal Politics / Budgeting, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: budget; budget execution; reporting
Summary/Abstract: The present study examines budget execution reporting in relation to set objectives and information needs, distinguishing between financial and managerial accounting systems in this context. The methodological approaches to budget preparation and execution control, as well as the different forms of budgeting and their corresponding reports, are analyzed. On the one hand, budgets can be structured similarly in form and content to financial statements but oriented towards the future – budgeted balance sheet, budgeted income statement, budgeted cash flow statement, and budgeted equity statement. Although budgeting for financial position and changes in equity is possible, this practice is not widely adopted. The most commonly used and key forms for managerial decision-making are those related to cash flows, due to their importance in liquidity management, as well as revenue and expense budgets, which are linked to the target financial result. On the other hand, budgets can be structured based on the functional allocation of funds and their alignment with non-financial goals. Under this approach, they significantly differ in form and content from financial statements. Budget execution reporting is carried out either through a complex system of analytical accounts or through „mapping" in a parallel system, with each of these two approaches having its own advantages and disadvantages.

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