Management Efficiency of Budgeting: Evidence from Public Universities in Vietnam

Oanh Thi Tu LE; Nga Thi Nguyen

doi:10.46281/ijafr.v5i1.618

Oanh Thi Tu LE Accounting Department, University of Labour and Social Affairs, Vietnam https://orcid.org/0000-0002-2823-2204
Nga Thi Nguyen Accounting Department, University of Labour and Social Affairs, Vietnam https://orcid.org/0000-0003-3147-771X

DOI: https://doi.org/10.46281/ijafr.v5i1.618

Keywords: Monetary Policy, Cash Reserve Ratio, Profitability.

Abstract

Budgeting is an important tool helping managers in planning and controlling during the operation of universities. Budgeting plays a vital role in controlling budgeting activities in the short-term and provides appropriate implementation plans to achieve strategic objectives. This study aims to evaluate the management effectiveness of budgeting activities in Vietnamese public universities. Data was collected from 53 public universities in Vietnam through questionnaire. After collecting, the data is cleansed and analyzed on SPSS software by tools such as: Frequency statistics, price statistics, average, comparing. The research results showed that: (1) The application of budgeting is comprehensive; that includes income and expenditure budget, enrollment budget, and teaching budget; (2) Monitoring and evaluation of budgeting activities are strictly implemented, (3) The main budgeting method is preparing general budgets for the entire university, and the other method is preparing budgets for each department (4) The main method of evaluating budgeting is comparing variances while variance analysis and finding underlying causes were not applied. This study proposes solutions to improve the process, content and quality of budgeting, thereby contributing to improving management efficiency in public universities in Vietnam.

JEL Classification: M10, M40, M41.

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