Expenditure Control – Appraisal of Techniques for Expenditure Control

Expenditure Control – Appraisal of Techniques for Expenditure Control

How an organization uses resources especially money makes it, saves it, and spends it. Is perhaps one of the best test of effective management. Although money ought by no means to be regarded as the chief end of an organization’s objectives, neither is it a trifling matter to be held in philosophic contempt, representing as it does to so large and extent the means of continuity. In a bid to finding the most prudent resource of money management, researcher have developed different techniques Viz: inventory management, working capital management, cash management etc. all these techniques are encompassed in one way or the other in cost or expenditure control. [Read more…]