logging in or signing up bc nehajoe Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 10 Category: Business & Fin.. License: All Rights Reserved Like it (0) Dislike it (0) Added: February 12, 2012 This Presentation is Public Favorites: 0 Presentation Description Budgets & Budgetary Control Comments Posting comment... Premium member Presentation Transcript Slide 1: Budgetary Control Anjana Mtech S1. Introduction : Introduction Management Functions. Planning. Directing and Motivating Controlling. Slide 3: Budgeting is part of planning BUDGET(cont..) : BUDGET(cont..) A budget is a financial plan for a business prepared in advance. A budget may be set in In money terms. In terms of units. BUDGET(cont..) : BUDGET(cont..) Budget can be Income budget Expenditure budget Features. 1.Financial & Quantitative statement. 2.Laid prior to the buget period. 3.Based on the management policy. Types of budget : Types of budget 1.Time 2.Conditions 3.Capacity 4.Coverage period a. Long term a. Basic budget a. Fixed a. Functional b. Short term b. Current budget b. Flexible b. Master Slide 8: LONG TERM BUDGET. Prepared for periods longer than a year, SHORT TERM BUDGET. Prepared for period less than a year. Basic budget & Current budget. : Basic budget & Current budget. BASIC BUDGET. Remains unaltered for a longer period of time. CURRENT BUDGET. Established for a short period of time and related to current conditions. Fixed Budget. : Fixed Budget. Flexible budget. : Flexible budget. Functional & Master budget. : Functional & Master budget. FUNCTIONAL BUDGET. Relate to individual functions of an organization. MASTER BUDGET. Consolidated summary of various functional budgets. BUDGETARY CONTROL : BUDGETARY CONTROL Budgetary control is the establishment of budgets relating to responsibilities of executives to the requirement of a policy and the continuous comparison of actual with budgeted results CONCEPT OF BUDGETARY CONTROL : CONCEPT OF BUDGETARY CONTROL Advantages : Advantages Maximization of Profit. Co-ordination. Specific Aims. Tool for Measuring Performance. Economy. Advantages(cont…) : Advantages(cont…) Determining Weakness. Corrective Action. Consciousness. Reduces Costs. Introduction of Incentive Schemes. Disadvantages : Disadvantages Estimate. Rigidity. False sense of security Lack of coordination Time and Cost. Disadvantages : Disadvantages Slide 21: SO YOU KNOW WHERE IT WENT Slide 22: THANK YOU You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
bc nehajoe Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 10 Category: Business & Fin.. License: All Rights Reserved Like it (0) Dislike it (0) Added: February 12, 2012 This Presentation is Public Favorites: 0 Presentation Description Budgets & Budgetary Control Comments Posting comment... Premium member Presentation Transcript Slide 1: Budgetary Control Anjana Mtech S1. Introduction : Introduction Management Functions. Planning. Directing and Motivating Controlling. Slide 3: Budgeting is part of planning BUDGET(cont..) : BUDGET(cont..) A budget is a financial plan for a business prepared in advance. A budget may be set in In money terms. In terms of units. BUDGET(cont..) : BUDGET(cont..) Budget can be Income budget Expenditure budget Features. 1.Financial & Quantitative statement. 2.Laid prior to the buget period. 3.Based on the management policy. Types of budget : Types of budget 1.Time 2.Conditions 3.Capacity 4.Coverage period a. Long term a. Basic budget a. Fixed a. Functional b. Short term b. Current budget b. Flexible b. Master Slide 8: LONG TERM BUDGET. Prepared for periods longer than a year, SHORT TERM BUDGET. Prepared for period less than a year. Basic budget & Current budget. : Basic budget & Current budget. BASIC BUDGET. Remains unaltered for a longer period of time. CURRENT BUDGET. Established for a short period of time and related to current conditions. Fixed Budget. : Fixed Budget. Flexible budget. : Flexible budget. Functional & Master budget. : Functional & Master budget. FUNCTIONAL BUDGET. Relate to individual functions of an organization. MASTER BUDGET. Consolidated summary of various functional budgets. BUDGETARY CONTROL : BUDGETARY CONTROL Budgetary control is the establishment of budgets relating to responsibilities of executives to the requirement of a policy and the continuous comparison of actual with budgeted results CONCEPT OF BUDGETARY CONTROL : CONCEPT OF BUDGETARY CONTROL Advantages : Advantages Maximization of Profit. Co-ordination. Specific Aims. Tool for Measuring Performance. Economy. Advantages(cont…) : Advantages(cont…) Determining Weakness. Corrective Action. Consciousness. Reduces Costs. Introduction of Incentive Schemes. Disadvantages : Disadvantages Estimate. Rigidity. False sense of security Lack of coordination Time and Cost. Disadvantages : Disadvantages Slide 21: SO YOU KNOW WHERE IT WENT Slide 22: THANK YOU