THE BUDGET AS CONTROL TECHNIQUES CORRECT

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THE BUDGET AS CONTROL TECHNIQUE : 

THE BUDGET AS CONTROL TECHNIQUE BY DEEPAK.G GOPALAKRISHNAN

Slide 2: 

CONTROL TECHNIQUES INTRODUTION: A variety of tools and techniques has been used to help the managers control the activities in their organization. (a) Traditional techniques. (b) Modern techniques.

Slide 4: 

“ A budget is the expression of a firm’s plan is financial form for a period of time into the future” -- J.Fred Meston BUDGET

BUDGETARY CONTROL : 

BUDGETARY CONTROL Budgetary control is the process of determining various budgeted for the business unit for a future period. DEFINITION OF BUDGETARY CONTROL “A system which uses budgets as means of planning and controlling all aspects of producing and selling commodities and services”

OBJECTIVES OF BUDGETARY CONTROL: : 

OBJECTIVES OF BUDGETARY CONTROL: Maximization of profit Control expenditure Adequate working capital Improves the planning Find outs the weak area of operations

PROBLEM AND LIMITATION : 

PROBLEM AND LIMITATION Inflexibility Inaccuracy Distortion of goals Hiding inefficiencies Expenditure

Effective budgetary control : 

Effective budgetary control Objectives Support of top management Flexibility Budget committee Education Feedback Participation Communication Reward and punishment

Slide 9: 

BUDGET FUNCTIONAL TIME ACTIVITY

Slide 10: 

FUNCTION Capital Purchase Master Production SALES Cost Profit

Slide 11: 

TIME SHORT-TERM CURRENT LONG-TERM

Slide 12: 

ACTIVITY Flexible Fixed

Slide 13: 

The planning program me budgetary system (PPBS) Zero-base budgeting Human resources accounting BUDGET CONTROL METHODS