Budgetary control in an organisation: an in-depth analysis
Category:
Accounts
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Date: Apr 5, 2020
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Budgetary control is a system for establishing the best estimate budget for each function of an organisation by management in terms of expenditure and revenue. The purpose is to know the variance between actual and budgeted results with an objective to control various costs within a particular period. The budget enables the evaluation of an organisation’s financial efficiency and planning. The shape and structure of budgetary control system, to a great extent, is determined by the size and
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