BUDGET & CONTROL

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INTRODUCTION OF BUDGET & BUDGETARY CONTROL :

INTRODUCTION OF BUDGET & BUDGETARY CONTROL PRESENTED BY MANOJ SAHU

BUDGET A BUDGET IS THE FORMAL EXPRESSION OF THE EXPECTED INCOME AND EXPENDITURE FOR A DEFINITE FUTURE PERIOD.:

BUDGET A BUDGET IS THE FORMAL EXPRESSION OF THE EXPECTED INCOME AND EXPENDITURE FOR A DEFINITE FUTURE PERIOD . A budget is a financial or quantitaitve statement, prepared prior to a defined period of time, of the policy to be pursued during that period for the purpose of attaining a given objective.

BUDGETARY CONTROL ::

BUDGETARY CONTROL : Budgetary control is a system of planning and controlling costs. It has been defined as a the establishment of budgets relating the responsibilities of executives to the requirments of a policy, and the comparision of actual with budget results, either to secure by individual action the objective of that policy or to provide a basis for its revision.

Steps involved in Budgetary Control:

Steps involved in Budgetary Control Establishment of Budgets : Measurement of actual performance : Comparision of actual performance with budget performance : Analysis of the causes of variations and reporting :