Impact of Budget and Budgetary Control on an Organization

Impact of Budget and Budgetary Control on an Organization

The environment in which management (budgeting) decision must be made continue to be ever changing and ever more complex budgeting is pervasive with significant impact on individual firms and government paper and Engene F. Brighten (1979). [Read more…]

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…]