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Use of Budgetary controls
Budgetary controls are used for the following reasons:
1) To state the objectives of the organization as a whole.
2) To reveal the extent by which actual results have exceeded or fallen short of the budget.
3) Budgetary control helps in indicating why actual results differ from the budgeted results.
4) It is important as a basis for the revision of the current budget or the preparation of future budgets.
5) To ensure that resources are used as efficiently as possible.
6) To see how well the activities of the organization have been co-ordinated
7) To provide some central control especially where activities are decentralized.
different methods used to assign manufacturing overhead
It is a commitment by a bank to lend a specific amount of funds on demand identifies the maximum amount of unsecured credit the bank will allow the customer to borrow at any time.
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Can someone do my case study for managerial accounting including writing a sales report?
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