In this article we will discuss about:- 1. Meaning and Definition of Budgetary Control 2. Objectives of Budgetary Control 3. Essentials 4. Advantages 5. Limitations. Meaning and Definition of Budgetary Control: Budgetary control is the process of preparation of budgets for various activities and comparing the budgeted figures for arriving at deviations if any, which are to be eliminated in [...]
In this article we will discuss about Budgetary Control:- 1. Definition of Budgetary Control 2. Principles of Budgetary Control 3. Characteristics 4. Merits 5. Demerits 6. Objectives. Contents: Definition of Budgetary Control Principles of Budgetary Control Characteristics of Budgetary Control Merits of Budgetary Control Demerits of Budgetary Control Objectives of Budgetary Control 1. Definition of Budgetary Control: "Budgetary control is [...]
The following points highlight the nine essentials of an effective budgeting. The nine essentials are: 1. Sound Forecasting 2. An Adequate, Planned and Reliable Accounting System 3. Efficient Organisation 4. Formation of Budget Committee 5. Cleanly defined Business Policies 6. Availability of Standard Information 7. Support of Top Management 8. Good Reporting System 9. Motivation. Essentials of an Effective Budgeting: [...]