Abstract
This chapter introduces the technique of budgetary control, the process by which financial control can be exercised within a business using budgets for income and expenditure for each function of the organisation. A budget is a financial or quantitative statement prepared in advance of a specified accounting period. These budgets are compared with actual performance to establish any variances.
This is a preview of subscription content, log in via an institution to check access.
Preview
Unable to display preview. Download preview PDF.
Copyright information
© 1999 Jill Hussey and Roger Hussey
About this chapter
Cite this chapter
Hussey, J., Hussey, R. (1999). Budgetary Control. In: Business Accounting. Macmillan Business Masters. Palgrave, London. https://doi.org/10.1007/978-1-349-14784-7_21
Download citation
DOI: https://doi.org/10.1007/978-1-349-14784-7_21
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-73081-2
Online ISBN: 978-1-349-14784-7
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)