Budget and Budgetary Control as a Means of Achieving Organizational Objectives

 Budget and Budgetary Control as a Means of Achieving Organizational Objectives

THE MEANING OF BUDGETING AND BUDGETARY CONTROL – A budget is a quantitative plan of action prepared in advance for the period to which it relates. Budget may be prepared for the business as a whole, for departments, for functions such as sales and production or for financial and resource items such as cash, capital expenditure manpower purchase etc. [Read more…]