Limitations of Budgetary Control:

1. Uncertain Future: The budgets are prepared for the future period. Despite best estimates made for the future, the predictions may not always come true. The future is always uncertain and the situation which is presumed to prevail in future Read More …

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Advantages of budgetary control

1. Maximization of Profits: The budgetary control aims at the maximization of profits of the enterprise. To achieve this aim, a proper planning and co-ordination of different functions is undertaken. There is a proper control over various capital and revenue Read More …

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Objectives of budgetary control

1. To ensure planning for future by setting up various budgets, the requirements and expected performance of the enterprise are anticipated. 3. To operate various cost centres and departments with efficiency and economy. 4. Elimination of wastes and increase in Read More …

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Budgetary control in projects

Budgetary control is the process of determining various actual results with budgeted figures for the enterprise for the future period and standards set then comparing the budgeted figures with the actual performance for calculating variances, if any. First of all, Read More …

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