The fact of the preparation and implementation of planning budgets in industrial companies / an applied study in Iraq industrial companies

Budgeting is one of the most critical management accounting tools for planning, monitoring execution, and evaluating success. In addition to the planning function before the activity period, the budget also fulfills the role of activity control, that is, the control of actual activities at the end of the activity period. It is imperative to correctly perceive budgeting processes, which fulfill critical administrative functions for businesses, and to ensure effectiveness in practice. In this context, an online survey consisting of 50 items regarding the budget preparation and implementation process was applied to the personnel responsible for budget preparation and implementation working in industrial enterprises in Iraq. When the results of the survey conducted with 251 people were evaluated, it was stated that the budget was prepared by evaluating at least one of the alternative scenarios during budget preparation, and generally more than one scenario was included in the budget reports. However, it has been concluded that, in general, budget plans and actual results do not coincide. In addition, it was concluded that the level of participation in budget practices was higher than the industrial company employees participating in the research.