Authors :
Piyush H Rana; CMA Dr. Tushar Raut
Volume/Issue :
Volume 9 - 2024, Issue 11 - November
Google Scholar :
https://tinyurl.com/yc7snkh6
Scribd :
https://tinyurl.com/yrnjecue
DOI :
https://doi.org/10.5281/zenodo.14350983
Abstract :
This study aimed to determine the practical
implications of accounting and accounting principles in
the day-to-day life of an individual concerning budgeting
and expense tracking. The study was based on a survey of
150 participants through an online Google form who were
residents of Vasai Virar Municipal Corporation, District
Palghar, Maharashtra, from the age group of 18 to 50
years of age. The qualification backgrounds of the
respondents ranged from non-graduates to postgraduates
from commerce and other streams. The respondents
ranged from an annual income of up to six lakhs of Indian
rupees. However, the questionnaire was framed in simple
language to ease respondents’ understanding. The Simple
Percentage method was used to analyze the responses of
the respondents to the above two constraints of budgeting
and expense tracking. The study revealed positive results
showing the practical application of accounting and
accounting principles of the individual irrespective of
his/her age, education, income group, and so on.
References :
- Chumak, G. (2023). BUDGETING AS a COMPONENT OF THE COST MANAGEMENT SYSTEM. Herald of Khmelnytskyi National University Economic Sciences, 316(2), 33–38. https://doi.org/10.31891/2307-5740-2023-316-2-5
- Da Silveira Leite, E. (2017). A ressignificação da figura do especulador-investidor e as práticas de educação financeira. Civitas - Revista De Ciências Sociais, 17(1), 114. https://doi.org/10.15448/1984-7289.2017.1.24446
- De Souza Broman, S. L., & Da Rocha-Pinto, S. R. (2023). Truces (re)construction at the boundaries of budgeting routines. RAUSP Management Journal, 58(1), 39–54. https://doi.org/10.1108/rausp-02-2022-0074
- Pengaruh partisipasi anggaran, tingkat kesulitan sasaran anggaran, dan evaluasi anggaran terhadap tingkat realisasi anggaran penerimaan pajak bumi dan bangunan. (2007). EKUITAS (Journal Ekonomi Dan Keuangan).
- Pennings, J., Van Ittersum, K., & Wansink, B. (2005). To spend or not to spend? The effect of budget constraints on estimation processes and spending behavior. Advances in Consumer Research, 32(1), 328–329. http://www.acrwebsite.org/volumes/v32/acr _vol32_95.pdf
- Radu, M. (2011). THE BUDGETARY PROCESS – REASON FOR DISSATISFACTION. DOAJ (DOAJ: Directory of Open Access Journals). https://doaj.org/ article/3482430aa9a44973920391c87819fef5
- Ramgulam, N., Raghunandan-Mohammed, K., & Raghunandan, M. (2012). An examination of the economic viability of sustainable business tourism in Trinidad. Review of Business and Finance Studies, 3(2), 69–80. https://EconPapers.repec.org/RePEc:ibf: rbfstu:v:3:y:2012:i:2:p:69-80
8. Riharjo, I. B. (2018). Budget Concept: The reality of human behavior in budgeting processes. ASEAN/Asian Academic Society International Conference Proceeding Series, 714–720. http://aasic.org/proc/ aasic/article/download/424/421
This study aimed to determine the practical
implications of accounting and accounting principles in
the day-to-day life of an individual concerning budgeting
and expense tracking. The study was based on a survey of
150 participants through an online Google form who were
residents of Vasai Virar Municipal Corporation, District
Palghar, Maharashtra, from the age group of 18 to 50
years of age. The qualification backgrounds of the
respondents ranged from non-graduates to postgraduates
from commerce and other streams. The respondents
ranged from an annual income of up to six lakhs of Indian
rupees. However, the questionnaire was framed in simple
language to ease respondents’ understanding. The Simple
Percentage method was used to analyze the responses of
the respondents to the above two constraints of budgeting
and expense tracking. The study revealed positive results
showing the practical application of accounting and
accounting principles of the individual irrespective of
his/her age, education, income group, and so on.