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BUDGETING AND BUDGETARY CONTROL
Introduction ,[object Object],[object Object],[object Object]
Outline ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Meaning of Budget ,[object Object],[object Object]
Meaning of Budget (contd) ,[object Object],[object Object],[object Object],[object Object]
Characteristics of Budget   ,[object Object],[object Object],[object Object]
Xteristics of Budget (contd) ,[object Object],[object Object],[object Object]
Types of Budget   ,[object Object],[object Object],[object Object]
Types of Budget  (contd) ,[object Object],[object Object],[object Object]
The Budgeting Process ,[object Object],[object Object],[object Object]
Determine budget policies and guidelines. ,[object Object],[object Object],[object Object],[object Object],[object Object]
Set up a Budget Committee. ,[object Object],[object Object],[object Object]
Set up a Budget Committee  (contd). ,[object Object],[object Object],[object Object]
Budget ctee (cont) ,[object Object],[object Object],[object Object],[object Object],[object Object]
Prepare assumptions and forecasts. ,[object Object],[object Object],[object Object],[object Object]
Produce functional and subsidiary budgets. ,[object Object],[object Object],[object Object],[object Object]
Produce the Master Budget. ,[object Object],[object Object],[object Object]
Obtain approval for the budget. ,[object Object],[object Object],[object Object]
Publish and implement the budget. ,[object Object],[object Object],[object Object]
Review the Budget ,[object Object],[object Object]
Approaches to Budgeting ,[object Object],[object Object],[object Object]
[object Object],[object Object]
Meaning of Budgetary Control.   ,[object Object],[object Object],[object Object]
1. Identify Variances ,[object Object],[object Object],[object Object]
2. Analyze and Investigate variances ,[object Object],[object Object],[object Object]
3. Give Feedback to Operators ,[object Object],[object Object]
4. Take Corrective Action ,[object Object],[object Object]
Budgetary Control Report Format Operating Profit Other Costs Staff Costs Admin Expenses Cost of Sales Turnover Action Comments Variance Budget Actual
Principles of Good Budgetary Control ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Importance of Budgeting
Communication of corporate objectives. ,[object Object],[object Object]
Enhances systematic and logical planning. ,[object Object],[object Object],[object Object]
Coordination ,[object Object],[object Object]
Clarification of Authority and Responsibility. ,[object Object],[object Object]
Control   ,[object Object],[object Object],[object Object]
Performance evaluation.   ,[object Object],[object Object],[object Object]
Motivation. ,[object Object],[object Object]
Resource Allocation ,[object Object],[object Object]
Group Discussion ,[object Object],[object Object]

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Budgeting and budgetary control

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