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Budgetary control is the methodical control of an organization's operations through establishment of standards and targets regarding income and expenditure, and continuous monitoring and adjustment of performance against them. It involves setting financial goals for revenue and costs and then comparing actual performance to the budgeted standards on an ongoing basis to help management steer the business in line with its financial objectives.
Budgetary control is the methodical control of an organization's operations through establishment of standards and targets regarding income and expenditure, and continuous monitoring and adjustment of performance against them. It involves setting financial goals for revenue and costs and then comparing actual performance to the budgeted standards on an ongoing basis to help management steer the business in line with its financial objectives.
Budgetary control is the methodical control of an organization's operations through establishment of standards and targets regarding income and expenditure, and continuous monitoring and adjustment of performance against them. It involves setting financial goals for revenue and costs and then comparing actual performance to the budgeted standards on an ongoing basis to help management steer the business in line with its financial objectives.
Methodical control of an organization's operations through establishment of standards and targets regarding income and expenditure, and a continuous monitoring and adjustment of performance against them. Read more: http://www.businessdictionary.com/definition/budgetarycontrol.html#ixzz3GtbxrlP8