Nobody downloaded yet

Budgetary control" URGENT MUST SEE A REAL TOPIC IN DETAILS SECTION - Thesis Example

Comments (0) Cite this document
Summary
A budget is comprehensive business plan expressed in quantitative form which is prepared in advance for achieving a given objective within a definite period of time. It is developed with the aim to make an effective utilisation of resources and for the recognition of the…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.7% of users find it useful
Budgetary control" URGENT MUST SEE A REAL TOPIC IN DETAILS SECTION
Read TextPreview

Extract of sample "Budgetary control" URGENT MUST SEE A REAL TOPIC IN DETAILS SECTION"

Download file to see previous pages Budgetary control is part of overall organisation control and is concerned primarily with the control of performance (Abdel, 2011). The use of budgetary control in performance management has of late earned greater importance especially as an integrative control mechanism for the organisation. The purpose of this thesis is to analyze the role of budgetary control in performance management, organisational control and as an integrative control mechanism within an organization.
According to Chartered Institute of Management Accountants (CIMA), London, budgetary control refers to establishment of budgets for the continuous comparison of actual with the budgeted information for achieving the goals and recording the deviation and conducting a revision of budgets under the fresh circumstances (Ray, 2009). Planning, Coordination, Communication and Control are the primary objectives of budgetary control. Planning involves preparing a table of action for a business over a specified period of time. Coordination refers to synchronization or bringing together of different activities of a company or an organization to ensure cooperation of all the concerned towards the common goal. Communication as an objective of budgetary control refers to informing the budget to the concerned about what is expected of them to accomplish (Abdel, 2011).
The budget which is approved contains all the plans of the management regarding the future course of action which are communicated to the concerned departments. The departments follow the approved budget and are expected to adhere to it for the specified period. Control refers to process, necessary to bring the performance according to the original plan. Control is possible with pre-determined standards laid down in the budget. To enable budgetary control a continuous comparison of real performance with that of budget is maintained to find out the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Budgetary control" URGENT MUST SEE A REAL TOPIC IN DETAILS Thesis”, n.d.)
Budgetary control" URGENT MUST SEE A REAL TOPIC IN DETAILS Thesis. Retrieved from https://studentshare.org/finance-accounting/1698542-budgetary-controlquot-urgent-must-see-a-real-topic-in-details-section
(Budgetary control&Quot; URGENT MUST SEE A REAL TOPIC IN DETAILS Thesis)
Budgetary control&Quot; URGENT MUST SEE A REAL TOPIC IN DETAILS Thesis. https://studentshare.org/finance-accounting/1698542-budgetary-controlquot-urgent-must-see-a-real-topic-in-details-section.
“Budgetary control&Quot; URGENT MUST SEE A REAL TOPIC IN DETAILS Thesis”, n.d. https://studentshare.org/finance-accounting/1698542-budgetary-controlquot-urgent-must-see-a-real-topic-in-details-section.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Budgetary control" URGENT MUST SEE A REAL TOPIC IN DETAILS SECTION

Compare 1. Original Article see details ABCD must be answered

...? Depression Details: al Affiliation: Depression is associated with the alteration of an individual’s recall ability. The individuals with depression have more tendencies of having altered recall capabilities. Depression makes the individuals encounter difficulties n recalling some of the memory tasks. The individuals with depression will thus have more false memory than the true memory. This means that the individuals with depression will have more negative lures than the positive lures. This shift in their recall abilities can be attributed to them being more prone in generating more negative information than the positive information. Clinical depression is associated with the increased incidences of false recall of...
4 Pages(1000 words)Term Paper

Ethnography - Chineseness (more details in Details section)

...? 05 December Ethnography - Chineseness How would you define the meaning of 'Chineseness'? Place where smells like Chinese fried rice or place where there are a lot of cell phone card sellers in Zao Yang Road? I define 'Chineseness' as things being in balance. I believe the true meaning of 'Chineseness' lies under being in balance and creating harmony in one. The meaning of Chineseness for me is also balance between the existence of the old and new trends in China. One place where these trends coexist is Xintiandi. Xintiandi is a place where I found the balance of China. Though, this is my first time visiting China, I see that Xintiandi and the surrounding roads -Taikang Road and Xingye Road-define my meaning of 'Chineseness... and tourist...
6 Pages(1500 words)Essay

Pl see in details section

...counseling services include the religious organizations, civic groups and business organizations oriented to charity. Third, health insurance companies should be tapped to cover or expand its coverage of mental health services that can be covered by the health insurance policies. Government can tap the health insurance companies through regulations and encouragement. To identify what the insurance companies can cover, a study must be conducted what the insurance companies currently cover and what they may be able to cover. Fourth, government through regulation may require that offices and workplaces must see to it that offices with a certain sizes like 150 personnel, for example, are...
6 Pages(1500 words)Essay

See details

...states consisting of Athens and Greek from Ionia, the Hellespont of the besieged Sentos, a city previously held by the Persians. As a result of this, the Greek fleet under the command of  Pausanias who was a military commander from Sparta, sailed to Cyprus, and freed Greek cities which had been under the control of the Persians. They consequently captured the city of Byzantium. Due to their behaviour, the Pausanias after a while, were recalled by the Greeks. The Greek forces in reality were not happy by seeing their leader acting as an enemy. During the period between the recall of the Pausanias and the replacement by the Spartans, a big development happened in the composition of the allied states. The...
9 Pages(2250 words)Essay

See details

...whereby one or various soloists play in opposition to varying players. Multiple soloists were a major feature of early concertos. This is in contrast to the contemporary genre where a genre consists of a soloist aided with orchestral accompaniment. Vivaldi introduced a standard form in the early concertos. This was after completion of over 500 concertos and this was later to be imitated by other composers. This form entailed three movement types, which are fast slow then fast. The fast movement involved refrain or ritornello form. The orchestra had the responsibility to present theme of music in the ritornello or opening section. This was then followed by the soloist introducing unrelated material in subsequent passages...
3 Pages(750 words)Essay

See details box

...having a workforce representing all the segments of population, this concept does not put special emphasis on women representation at managerial position. Hence, until and unless, core definition of diversity is challenged, workplace would remain a stressful venue for women at upper managerial positions. Hence, traditional version of diversity needs to be questioned in order to accommodate women’s needs. According to Piterman (2008), “it also requires initiatives to test and bring to the fore hidden and often irrational and unconscious assumptions regarding womens ability to operate in senior business environments”. Hence, it can be stated that the pre-established perception of male dominance in leadership position must...
20 Pages(5000 words)Essay

TOPIC MENTIONED IN THE *DETAILS* SECTION BELOW

... Relationship between Power and the Ability to Define a Situation In his book, Terrorism and Politics of Fear, Altheide asserts that all social change and expansion of social control occurs through an act of power, which he defines as the ability to control situations for self and others (Altheide, 15). When a situation is interpreted, the result is an action. If men can define situations as real, they are real in their consequences. The interpretation of a situation does not necessarily have to be objective since subjective perception of situations does affect actions. Any situational definition has the potential to affect the present. Besides, such a definition can gradually affect an individual personality and the life policy... , there...
5 Pages(1250 words)Essay

Budgetary Control

..., the researcher will have to conduct a thorough review of empirical literatures, encompassing each and every aspect of budgetary control with an aim to establish a relationship between budgetary control and performance management. Background study of budgeting and budgetary control It is widely known that resources of an organization need to be efficiently and effectively managed in order to achieve organizational objectives. This implies that organizations must have the ability to achieve its objectives by adopting cost effective strategies. Thus, management of performance requires coordination and...
8 Pages(2000 words)Assignment

Topic is stated in Details section

...of controlling products and services through existing processes of distribution and production. They also allocated funds for future production and distribution. Modern enterprises became the most powerful organizations in America’s economy. The managers also became the most influential decision makers leading to managerial capitalism. Administrative coordination resulted in improvements in productivity, lower costs, and higher gains than coordination by market techniques. The structure of administrative coordination as described by Chandler was hierarchical, and authority flowed from the top to the bottom. Upper-level managers in charge of planning, purchasing inputs, planning new products and market expansions and...
6 Pages(1500 words)Essay

Budgetary control

...BUDGETARY CONTROL By Date Introduction Budgetary control refers to a process through which managers responsible for the preparation of budgets exercise financial control over the usage of revenues and expenditures for each functional unit of the organisation in advance of its fiscal year (Van der Stede, 2001). Moreover, the Cost & Management Accountants (CIMA) Institute defines budgetary control as “The establishment of budgets relating the responsibilities of executives to the requirements of a policy, and the continuous comparison of actual with budgeted results, either to secure by individual action the objective of that policy, or to provide a basis for its revision” (Cimaglobal.Com, n.d.). Therefore... , the...
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Thesis on topic Budgetary control" URGENT MUST SEE A REAL TOPIC IN DETAILS SECTION for FREE!

Contact Us