Requisites for Operation of a Budgetary Control
The following points highlight the top ten requisites for operation of a budgetary control. The requisites are: 1. Well Planned Organization 2. Separate Departments to be Established 3. Accounting Records 4. General Instruction 5. Preparation of an Organisation Chart 6. Budget Committee 7. Budget Manual 8. Budget Periods should be Ascertained 9. The Key Factor 10. Level of Activity. Operation [...]