#1
May 18th, 2016, 08:06 AM
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Budget and Budgetary Control MBA Project
Hello sir I want to make MBA project on Budget and Budgetary Control so here can you please suggest me some terms which I used in my project ?
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#2
May 18th, 2016, 08:08 AM
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Re: Budget and Budgetary Control MBA Project
Hey as The management is efficient if it is able to accomplish the objectives of the enterprise Meaning of Budget It is a financial and quantitative statement prepared and approved or to a defined period of time of policy to be pursued during that period purpose of attaining a gaining a given objective Meaning of Budgetary The process of planning all flows of financial resources into within form a entity doing some specified future period it includes providing detailed allocation of available future resources to projects responsibilities Meaning of budgetary control: It is the process of the establishing of the departmental budget relating the responsibilities of executives to the requirements of a policy and the continuous comparison of actual with budgeted results Aim of budgeting The objectives with minimum effort and most in attain long-rang efficiency and systematic approach in facilitate effective management performance is profit planning and control or budgeting Essential of good budget: It is prepared prior defined period of time. It is prepared for the definite future period. It is monitory and /or quantitative statements of the policy. Objectives of Budgetary Control Coordination Communication Controls and performance evolution |
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