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What is budgetary?
It is the creation and the monitoring of budgets (and taking actions when the needs arise).
What is budgetary planning?
It is the creation and the monitoring of budgets (and taking actions when the needs arise).
What has the author AW Willsmore written?
A.W Willsmore has written: 'Business budgets and budgetary control' -- subject(s): Budget in business
What are the Effects of budgetary control on performance management?
Higher budgets, in real terms, create a unit that is expected to produce higher profits. Lower budgets, in real terms, create a unit that is expected to produce higher profits, or at least only corresponding porportional losses.
Characterstics and essentials requirements of good budgetary control system?
Essentials of budgetary control:1) Establishment of budgets for each function and section of the organisation.2) Continuous comparison of the actual performance with that of the budget so as to know the variations from budget and placing the responsibility of executives for failure to achieve the desires results as given in the budget.3) Taking suitable remedial action to achieve the desired objective if there is a variation of the actual performance from the budgeted performance.4) Revision of budgets in the light of changed circumstances.
What is budgetary power?
Budgetary power refers to the authority to allocate financial resources within an organization, government, or institution. It involves the ability to create, modify, and approve budgets, influencing how funds are distributed and spent. This power is often held by key decision-makers, such as executives, legislators, or financial officers, and plays a crucial role in shaping policies, priorities, and strategic goals. Effective exercise of budgetary power can significantly impact operational efficiency and financial stability.
Where is the manual expression ECCE technique still popular?
The manual expression technique, however, is still widely used in developing countries with large numbers of patients with eye disorders and limited hospital budgets.
What information is gained through managerial accounting?
The information that is gained through managerial accounting includes: · Information on the costs of a business's products and/or services · Budgets · Performance reports · Information on revenues · Sales back logs · Unit quantities · Demand on capacity resources · Any other information that may assist a manager in his or her planning and control activities
What do inequalities do in budgets?
Inequalities in budgets highlight disparities in resource allocation, revealing how different groups or sectors receive varying levels of funding and support. They can expose issues of equity and access, showing where certain populations may be underserved or overrepresented in financial planning. Additionally, understanding these inequalities can help policymakers identify areas needing reform or targeted investment to promote fairness and efficiency in budgetary decisions.
Explain the advantages of using flexible budget as part of budgetary control system?
Flexible budgets offer several advantages in a budgetary control system, primarily by allowing organizations to adjust budget estimates based on actual activity levels. This adaptability helps in better performance evaluation by facilitating comparisons between actual results and a budget that reflects current operational conditions. Additionally, flexible budgets enhance resource allocation and operational planning, as they provide a more accurate basis for decision-making. Ultimately, they enable management to respond proactively to changes in business conditions, improving financial control and operational efficiency.
How are statistics budgets revenue budgets and operating budgets related?
ask your brain
What factor does the rolling budget technique help to overcome?
Rolling budgets have many benefits. They are more flexible than static budgetsÊand allow for changes to be made in the system easier.
