Important factors for successful budgetary control, Financial Management

IMPORTANT FACTORS FOR  SUCCESSFUL BUDGETARY CONTROL

1. Clearly defined organization structure.

2. Top management support.

3. Reporting of deviations

4. Efficient accounting system.

5. Realistic targets.

6. Motivation.

7. Flexibility.

8. Participation of all departments concerned.

Posted Date: 10/15/2012 8:11:50 AM | Location : United States







Related Discussions:- Important factors for successful budgetary control, Assignment Help, Ask Question on Important factors for successful budgetary control, Get Answer, Expert's Help, Important factors for successful budgetary control Discussions

Write discussion on Important factors for successful budgetary control
Your posts are moderated
Related Questions
Bond - One type of long-term PROMISSORY NOTE, often issued to the public as a SECURITY regulated under federal securities laws or state BLUE SKY LAWS. Bonds can eitherbe registered

Define country risk. How is it different from political risk? Country risk is a broader quantify of risk as compared to the political risk, as the former encompasses political ri

Mathematical Property The sum of the deviations of the items from median, ignoring signs, is the least. For example, the median of 6, 10, 14, 18 and 22 is 14. The deviations fr

Issuing Procedure of treasury bills As discussed above, the RBI on behalf of central government, announces the auctioning of T-bills by tender notification through the press. T

Banks find it essential to accommodate their client’s requirements to buy or sell foreign exchange forward, in many examples for hedging purposes.  How can the bank eliminate the c

Q. Evaluate Cost of Irredeemable Debt subsequent to tax? Cost of Irredeemable Debt subsequent to tax: - When a company utilizes debt as a source of finance then it saves a cons

What is a sunk cost?  Is it relevant when evaluating a proposed capital budgeting project?  Explain. A sunk cost is a cash flow that has already takes placed, or that will take

Unlike the mortgage pass-through securities, the mortgage-backed bonds are debt obligations of the mortgage originator. Every issue of such bonds should be backed

AThe project is expected to have an initial outlay of $200million and generate cash inflows of $64million for the next 12 yearssk question #Minimum 100 words accepted#

QUESTION 1 Assuming perfect capital mobility under Mundell-Fleming Model, clearly explain the effectiveness of- i) an expansionary fiscal policy under a fixed exchange rate