It is the creation and the monitoring of budgets (and taking actions when the needs arise).
The correct spelling is "budgetary."
One advantage of budgetary control is the fact that managers can control spending. A disadvantage to budgetary controls is that it may limit innovation.
what makes budgetary accounting different from conventional accounting
A budgetary offer is an estimation of expenses to expected to be used in a given period. It has to be itemized and it done as a proposal when seeking for financing.
You can use "budgetary" in a sentence like this: "The company implemented strict budgetary controls to ensure that all departments stayed within their financial limits." This highlights the focus on financial management and the importance of adhering to a budget.
it does not
The Congressional Budget Office (CBO) provides Congress with information and analysis for making budgetary decisions.
2 years
This budgetary unit is known as the control center.
Linda Loman is most aware of the family's financial situation and budgetary concerns.
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 is called Budgetary control.
The Statement of Budgetary Resources (SBR) is a financial statement used by U.S. federal agencies to provide information about the budgetary resources available for the period, including new budget authority, adjustments, and any resources that were used. It reconciles the budgetary resources with the actual outlays and obligations incurred during the reporting period. The SBR helps ensure transparency and accountability in federal financial management by showing how budgetary resources are allocated and utilized. It is a required part of federal financial reporting under the Government Accountability Office (GAO) standards.