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Q: How is budgetary control a tool in the hands of management?
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What is the importance of management accounting to a manager?

Cost accounting is a vital management tool for effective management functions, such as, for manager to perform budgetary planning & controls and for decision making.


What is a Role of budgetary management in development economy?

A budget can be useful in setting standards of performance, effectiveness and efficiency for the development of the economy in a country. Budget management is an essential tool for the good management of funds. It allows to identify the charges and projected incomes of the company, according to the defined objectives and to compare them later with the reality.Budget helps to aid the planning of actual operations by considering how the conditions might change and what steps should be taken. Budgetary management is important in the economic development for the following reasons:· To control resources· To evaluate the performance· To provide visibility· For accountability· To stay on track with the plan


What is a tool found in the Administration tools section of Control Panel?

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What has the author Cyril J Anson written?

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Limitations of bugetary control?

The objective of management accounting is to help managers achieve the missions and strategies established for their enterprise. It is a branch of accounting that provides financial and other information to managers. A key role for management accountants is to establish the control systems used to achieve organizational goals and minimize risks. One of the most important of these is budgetary control, a powerful tool that encourages planning, sets milestones, evaluates performance and suggests paths for improvement. Management accountants also develop information systems that communicate strategic and operational priorities to managerial decision makers.The objective of this course is to help participants better understand the role and functioning of the budget control and to situate it within the larger context of management control.Using knowledge already acquired in earlier levels of the MBA program, this course will permit students to acquire knowledge on :- the utility and functioning of a budget control process;- the design of the budgetary control system as a function of the organizational strategy;- the determination of cost behavior;- the use of budgets to manage revenues, costs and profits;- the relationship between management control and organizational structure;- the organization of financial information in a comprehensible, flexible, accessible and useful form to empower decision making;- the evaluation of performance for different administrative units within the organizational structure;- the development and use of non financial performance measures.BY RAMAN GOEL


What are the scientific tools of management?

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What does a tool take the place of?

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Why management accounting effective tool for financial control?

You need to keep track of your finances in order to keep a budget. If everyone is spending whatever they want, your financial control goes away and you will be in debt.


What is a tool called a double jack?

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What has the author Nicholas Ashley written?

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What is the difference between tool and machine?

a tool is used by hands and machines aren't