Important factors for successful budgetary control, Financial Management

IMPORTANT FACTORS FORĀ  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







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