Mukdad M. Ibrahim, Assistant Professor, Skyline College, Sharjah, UAE

A budget is a comprehensive, formal plan, expressed in quantitative terms, describing the expected operations of an organization over some future time period. Budget systems should be designed to help but n not to replace -those who prepare, justify and make deci sions on budgets. This article offers an assessment of the two rational systems of budgeting. The article shows that both systems are useful tools for planning and control. Nevertheless, the practice indicated that there are many limitations that emerged from the implementation of the systems.

Ibrahim, M. M. (2005). Rational System of Budgeting. Skyline Business Journal, Volume 1, No. 2, pp 65-68.