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what is budgetary control budgetary control is the process of determining various budgeted figures for the enterprises for the future period and then
budgetary control according to brown and howardaccording to brown and howard budgetary control is a system of controlling costs which includes the
budgetary controlaccording to cima the establishment of budgets relating the responsibilities of executive to the requirement of a policy and the
explain the features of budgetary controlfrom the definition the following features of budgets control emerge1 establishment of budgets budgets are
what are the objectives of budgetary control1 planning planning is an important managerial function it helps to decide in advance what to do how to
requirements of a good budgeting systemfollowing are the requirement of a good budgeting system1 budgeting process should be backed and supported by
important steps of budgetary controlthere are certain steps which are essential for the successful implementation of a budgetary control system they
what are the disadvantages of budgetary control 1 uncertain future the budgets are prepared for the future period despite best estimates made for the
what are the advantages of budgetary controlthis budgetary control system helps in fixing the goals for the organization as a whole and concerts
explain current budgetscurrent budgets the period of current begets is generally of months and weeks these budget relate to the current activities of
explain short term budgetsshort term budgets these budgets are generally for one or two years and are in the form of monetary termsthe consumers good
what is long term budgetslong term budgets the budgets are prepared to depict long term planning of the business the period of long term begets
explain operating budgetsthese budgets relate to the dissimilar activities or operation of a firm the number of such budgets depends upon the size
explain about programmed budgetit having expects revenues and cost of various products or projects that are termed as the main programmers of the
what is the responsibility of operating budgetwhen the operating budget of a firm is constructed in terms of responsibility areas it is called the
describe financial budgetsfinancial budgets financial budgets are concerned with cash receipts and disbursements working capital expenditure
what is master budgetfinancial budget are concerned with cash receipts and disbursements working capital several functional budgets are integrated
what is the flexible budgets a flexible budget consists of a series of budgets for different level of activity it therefore varies with the level
what is fixed budgetthe fixed budget is prepared for a given level of activity the budget is prepared before the beginning of the financial year if
state the factors of cvpthe three factors of cvp analysis i e cost volume and profit are interconnected and dependent on one another for example
cost volume profit analysismeaning and definitioncost volume profit analysis is a technique for studying the relationship between cost volume and
assumptions underlying the cvp analysiscvp analysis as discussed above is based on certain assumptions if these assumptions are not recognized then
techniques of cvp analysis the cvp analysis deals with the price costs structure and the sales volume and identifies the profit figure with
contribution margin analysis contributioncontribution is the difference between sales and variable cost or marginal cost of sales if may also be
what are the advantages of contributionmargin analysisthe concept of contribution is variable aid to management in making managerial decisions a few