Management Notes

Reference Notes for Management

Objectives of Budgetary Control – Budgetary Control | Cost Accounting

Objectives of Budgetary Control

Objectives of Budgetary Control

For every enterprise, budgetary control involves determining the actual results and comparing them with budgeted figures and standards for the future period.

The variance between budgeted figures and actual performance is then calculated. Prior to recording actual results, budgets are prepared.

There is a great deal of competition, uncertainty, and risk in the modern business world.

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