The following points highlight the types of budgets used in accounting. The types are: 1. Sales Budget 2. Production Budget 3. Materials Budget 4. Labour Budget 5. Overhead Budget 6. Research and Development Budget 7. Capital Expenditure Budget 8. Cash Budget 9. Master Budget 10. Flexible Budget. Type # 1. Sales Budget: In the budgeting process, sales is a starting [...]
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 [...]
The following points highlight the two main examples of corporate plan. The examples are: 1. Superhouse 2. Zessl. Example # 1. Superhouse: Superhouse is one of the top five leather goods exporters based in Unnao in Uttar Pradesh, India. It was established in 1976 by Mr Mukhtarul Amin, when he was just 23 years old. His father owned a tannery, [...]