What are the essential of good budgetary control system?
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Essentials of effective budgetary control are:
1 . sound forecasting
2. goal orientation
3. proper recording system
4. participation
5. top management support
6. flexibility
7. enforce ...
According to Brown and Howard, “Budgetary control is a system of controlling costs which includes the preparation of budgets, coordinating the departments and establishing responsibilities, comparing actual performance with the budgeted and acting upon results to achieve maximum profitability.”
hope it helps u
1 . sound forecasting
2. goal orientation
3. proper recording system
4. participation
5. top management support
6. flexibility
7. enforce ...
According to Brown and Howard, “Budgetary control is a system of controlling costs which includes the preparation of budgets, coordinating the departments and establishing responsibilities, comparing actual performance with the budgeted and acting upon results to achieve maximum profitability.”
hope it helps u
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