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    Budgetary Control

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    tanishka nindwani
    Budgetary control involves planning business functions in advance using budgets to control all aspects of production and sales. The objectives of budgetary control are planning, coordination, communication, control, motivation, and performance evaluation. There are different types of budgets including financial, operating, and non-monetary budgets. The advantages are definite planning, enhanced efficiency, proper communication, and motivation, while the disadvantages include an uncertain future, revisions required, coordination problems, and conflicts between departments. Essential elements are top management support, responsibility centers, participation, and a good accounting system.

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    Budgetary Control

    Uploaded by

    tanishka nindwani
    6 views8 pages
    Budgetary control involves planning business functions in advance using budgets to control all aspects of production and sales. The objectives of budgetary control are planning, coordination, communication, control, motivation, and performance evaluation. There are different types of budgets including financial, operating, and non-monetary budgets. The advantages are definite planning, enhanced efficiency, proper communication, and motivation, while the disadvantages include an uncertain future, revisions required, coordination problems, and conflicts between departments. Essential elements are top management support, responsibility centers, participation, and a good accounting system.

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    Budgetary control

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    Budgetary control involves planning business functions in advance using budgets to control all aspects of production and sales. The objectives of budgetary control are planning, coordination, communication, control, motivation, and performance evaluation. There are different types of budgets including financial, operating, and non-monetary budgets. The advantages are definite planning, enhanced efficiency, proper communication, and motivation, while the disadvantages include an uncertain future, revisions required, coordination problems, and conflicts between departments. Essential elements are top management support, responsibility centers, participation, and a good accounting system.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    Download as pptx, pdf, or txt
    6 views8 pages

    Budgetary Control

    Uploaded by

    tanishka nindwani
    Budgetary control involves planning business functions in advance using budgets to control all aspects of production and sales. The objectives of budgetary control are planning, coordination, communication, control, motivation, and performance evaluation. There are different types of budgets including financial, operating, and non-monetary budgets. The advantages are definite planning, enhanced efficiency, proper communication, and motivation, while the disadvantages include an uncertain future, revisions required, coordination problems, and conflicts between departments. Essential elements are top management support, responsibility centers, participation, and a good accounting system.

    Copyright:

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    Download as PPTX, PDF, TXT or read online from Scribd
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    Download as pptx, pdf, or txt
    of 8

    Budgetary control

    Meaning of Budgetary control


     Budgetary control makes use of budgets for planning and controlling all aspects of
    producing and/ or selling products or services. Budgetary control attempts to show the
    plans in financial terms. Budgetary control is the planning in advance of the various
    functions of a business so that the business can be controlled.
    Objectives

    Planning Coordination Communication

    Control &
    Motivation Performance
    Evaluation
    Types of Budgetary Control Techniques
     Financial Budgets
     Operating Budgets
     Non- Monetary Budgets
    Advantages
    Definite Planning

    Enhanced Efficiency

    Proper Communication

    Motivation
    Disadvantages

    Uncertain Future

    Budgetary Revisions Required

    Problem of Coordination

    Conflicts among Different departments


    Essential of Good Budgetary control system
     Support from top management
     Creation of responsibility centre
     Participation
     Good accounting system

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