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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.
Calculation
Implementation of the Decisions Once alternative courses of action have been chosen, they must be implemented as part of the budgeting procedure. The budget is a financial plan
Coleman, a married taxpayer, is going to establish a manufacturing business. He anticipates that the business will be profitable immediately due to a patent he holds. He predicts t
2x2+8x-m3 = 0
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