Monitoring and controlling budgets, Financial Management

Monitoring and Controlling Budgets:

The preparation of budgets is only part of the budget cycle.  Once set, an organisation should actively monitor actual revenue and expenditure against the budget plan.

The most important method of monitoring and controlling expenditure to budget is through the process of variance analysis. By way of background however, one must understand how transactions are recorded and stored in the accounting system to enable comparisons between actual expenditure and budgeted expenditure to be conducted.

Posted Date: 10/1/2012 4:19:41 AM | Location : United States







Related Discussions:- Monitoring and controlling budgets, Assignment Help, Ask Question on Monitoring and controlling budgets, Get Answer, Expert's Help, Monitoring and controlling budgets Discussions

Write discussion on Monitoring and controlling budgets
Your posts are moderated
Related Questions
Inventory T ur nover In the accounting, a measure of the number of times that the average amount of inventory on hand is sold within a given time of period. In the o

Q. Estimation of Working Capital? A firm must estimate in advance as to how much net working capital will be required for the smooth operations of the business. Only then, it c

Question: (a) Describe the axioms of utility. (b) An economic agent has a logarithmic utility function, U(W) = lnw and has initial wealth $20,000. She is offered the subsequent g

Short sales  : Short sales of a security means borrowing of an underlying security by an investor from other investors who are holding it (in Demat account) and selling it with

Approaches of the Strategic human resource management (SHRM): 1. Attempts to the human linkage of some kind activities with competency based performance measures. 2. Attemp

This case has been framed in order to test the skills in evaluating a credit request and reaching a correct decision. Perluence International is large manufacturer of petroleum and


The Investment Decision: - Investment decision as well known as 'Capital Budgeting' is related to the selection of long-term assets or else projects in which investments will be m

Calculate the Total Cashflows from 2007 - 2011.  Suppose that the company will require to increase their annual investment in fixed assets (representing new equipment) at the simil

To what extent does empirical evidence on corporate objectives support the predictions of Baumol’s “Sales Maximisation Hypothesis?”