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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.
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Distortion is caused by cash budgets. Influence of non-financial factors will also affect the final decisions when it comes to cash budgets. Cash budgets are vulnerable to manipulations. The major disadvantage is that cash budget relies on estimates.
annual operating budgets include estimated revenues and appropriations for expenditure for a specific fiscal year. Capital budgets control the expenditures for construction projects and fixed asset acquisitions
Budgets are tools for control and management. With the help of budgets company evaluates that how well its management has performed as well as budgets are used for performance measurement.
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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.
Yes, all budgets depend on sales budgets because budgets can't exceed the amount of available money. When sales are poor, the budgets will be smaller.
About operational budgets can be read in
Budgets are not expressed in dollar value termed non-financial budgets.
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.
Budgets for what specifically?
A department of strategy and budgets dur lol
One impact that the Korean War had on US budgets was that military spending increased and became a larger proportion of future budgets.
the personal is for your self and family is a group