![]() ![]() To indicate to the management as to where action is needed to solve problems without delay.Actions that harm the environment can have the opposite effect. To ensure that adequate working capital is available for the efficient operation of the business. Green initiatives can, by reducing costs, enhance a company’s bottom line.To fix the responsibility of various individuals in the organization.To correct deviations from established standards.For example most University departments are given annual chest budgets for general equipment. A budget shows managements operating plans for the coming periods and formalises managements plans in quantitative terms. In practice it means regularly comparing actual income or expenditure to planned income or expenditure to identify whether or not corrective action is required. To estimate capital expenditure requirements of the future. Budgetary control is financial jargon for managing income and expenditure.To eliminate waste and increase the profitability.To operate various cost canters and departments with efficiency and economy.To co-ordinate the activities of different departments.To provide long and short period plans for attaining these goals. our main concern, converts a f irm’s long range plan to the need of.It may include income, expenditure and the employment of capital.įollowing are the main objectives of budgetary control: ![]() Budget is a financial and/or quantitative statement, prepared prior to defined period of time, of the policy to be pursued during that period for the propose of attaining a given objective. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |