Tag Archives | Budgetory Control

Budgetary Control: Principles, Merits and Objectives

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 [...]

By |2016-06-13T06:11:51+00:00June 13, 2016|Budgetary Control|Comments Off on Budgetary Control: Principles, Merits and Objectives
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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 [...]

By |2016-06-13T06:11:51+00:00June 13, 2016|Budgetary Control|Comments Off on Requisites for Operation of a Budgetary Control
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