Budgetary Control - Dani Ki Costing - CA IPCC Video Lectures
Budgetary Control - Dani Ki Costing - CA IPCC Video Lectures | Budgetary Control - Dani Ki Costing - CA IPCC Video Lectures | Budgetary Control - Dani Ki Costing - CA IPCC Video Lectures | Budgetary Control - Dani Ki Costing - CA IPCC Video Lectures
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Dani
Ki Costing
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IPCC
Video Lectures
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Budgetary
Control
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Lecture
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Lecture
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The
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Back to Chapters of CA-IPCC Video Lectures Index
Budgetary Control
Budgetary control is a technique useful in decreasing cost and
increasing the profit of an organization without compromising the quality of a
product or service. For carrying out budgetary control different types of
budgets are prepared. With the help of budgetary control technique, the
organization can achieve optimum utilization of its resources. Budgetary
control involves activities like determining the objectives, framing policies
to achieve the same and supervising the work and see that the work is so carried
out to achieve the defined objectives.
Budgetary control consists of elements like establishment of budget,
comparison of actual budget on continuous basis, revision of budgets whenever
changes are detected and considered and appointing the authorized person by
responsibility of failure so that the target can be achieved. Budgetary control
provides assurance that the actions are properly taken to achieve the
organizational objective by keeping in mind the budget prepared for the same.
Budgetary control technique is applied with an objective that the
long range plans can be prepared and that to with accuracy. Budgetary control
technique acts as a yardstick against actual results so that management can
take decision regarding taking actions for the negative or low performances by
comparing the actual results with that of yardstick. The working of budgetary
control is based on the efficiency of the Budget Committee.
The budgetary control provides the advantages such as bringing out
efficiency of business, helps in control over expenditure, etc. Budgetary
control is also helpful in optimum utilization of resources as it catches the
loopholes if any created by any means. It helps in revision of plans made in
past if the same is flexible.
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