Materials and Budgetary Control

  • Frank Osborn


In their publication on terminology the I.C.M.A. defines budgetary control as the establishment of budgets relating the responsibilities of executives to the requirements of a policy, and the continuous comparison of actual with budgeted results, either to secure by individual action the objective of that policy or to provide a basis for its revision.


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Copyright information

© Frank Osborn 1980

Authors and Affiliations

  • Frank Osborn
    • 1
  1. 1.Department of Accountancy and FinanceCity of Birmingham PolytechnicUK

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