defination of budgetary control
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A control whereby actual results are compared with budgets Any differences ( variances) are made the responsibility of key individuals who can either exercise control action or reverse the original budgets.
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A control whereby actual results are compared with budgets Any differences ( variances) are made the responsibility of key individuals who can either exercise control action or reverse the original budgets.
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Budgetary control is the establishment of budgets relating to the responsibilities of executives of a policy and the continuous comparison of the actual with the budgeted results, either to secure by individual action the objective of the policy or to provide a basis for its revision. It is the system of management control and accounting in which all the operations are forecasted and planned in advance to the extent possible and the actual results compared with the forecasted and planned ones.
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