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
We have earlier studied that the investor may have to carry cash for some time because of discrepancies arising between the timing of the bond's cash-flow and the

how do we compute for benefits can derrive out of using lockbox system?

V ariable Costs It is an expense that varies directly with changes in business activities for example the cost of raw materials rise and decreases as the volume of producti

You've just won a huge $100 million lottery.  You've decided to invest your winnings in the following way:  $30 million in real estate,  $30 million in  corporate bonds and $40 mil

What are financial markets? Why do they exist? Monetary markets are where financial securities are sold and bought.  They exist mainly to bring surplus economic units (those ha

Give a full definition of arbitrage. Answer:  Arbitrage can be illustrated as the act of concurrently buying and selling the same or equivalent assets or commodities for the aim

annual uasage of stock 100,000units carrying cost per unit of stock RM2 order cost RM250 question there is a constraint arising from the floor space of the

Traditional   Capital Budgeting Techniques These techniques are usually very simple and easily catchable. But the fundamental drawback of these methods is that they don't cons

Citilink will start a new business line on 1st July, 2011 to make and sell bus souvenirs. The target sales and production volume are 525,000 in next year. The following projected

This is usually the third- or fourth-highest rating that a rating agency allocates to a security or insurance carrier. It is frequently the lowest investment-grade rating, but it i