D.Com. (Economics) / Successful forecasting and a understanding of the forecast. study is to develop and propose a South African Airways which will the Working Budget. To do this the must be evaluated, extended and to satisfy the needs of the airline of this model for to project methodology where necessary The purpose forecasting enable it existing changed industry. Information on budgets in general, the definition and purpose thereof, as well as the use of the budget as a tool for management was readily available. Similarly information on forecasting and forecasting models could be found, but no pUblished research indicating a method or model for the forecasting of the Working Budget in South African Airways was available, nor was any evidence found of the use of a more sophisticated model other than forecasting a budget based on historical tendencies. In chapter one the purpose of the study is defined followed by a short description of the contents of each chapter. Chapter two underlines the importance of the managerial functions in a company. The level of management will determine the degree of the functions to be performed, whether it be planning, organising, directing, activating or controlling. Management tools are available to ease the task, and one of these tools are budgets, which could be regarded as the most important tool. Chapter three and four contain an expanded review of budgets and budgeting. Whilst the basic principle of budgeting remains applicable to all types and sizes of business, the methods and application could vary. A matter to be settled ab initio is the period that the budget parts : part one and part two the information can be should cover. Three time periods may be drawn : a yearly budget; five-year plan; or a long-term plan. The main categories of budgets are then detailed, namely the sales, purchasing and financial budgets. Chapter four continues with a description of historical data flow, and how the data flow will influence the model to be used. Finally the South African Airways budget system, which is divided into a Capital and Working Budget, is described.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:uj/uj:10615 |
| Date | 14 April 2014 |
| Source Sets | South African National ETD Portal |
| Detected Language | English |
| Type | Thesis |
| Rights | University of Johannesburg |
Page generated in 0.0016 seconds