Abstract
Managers are concerned for the future success of their company. Therefore, they need to assess the challenges and opportunities facing them and set goals. These are usually expressed in financial terms. They also need to monitor the progress of the organisation towards these goals and take action to improve performance or revise goals if they have become unrealistic. Known formally as budgetary control, this is the process by which financial control can be exercised within an organisation, using predetermined budgets for income and expenditure for each function of the organisation.
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© 1999 Jill Collis and Roger Hussey
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Collis, J., Hussey, R. (1999). Budgetary Control. In: Cost and Management Accounting. Macmillan Business Masters. Palgrave, London. https://doi.org/10.1007/978-1-349-90655-0_17
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DOI: https://doi.org/10.1007/978-1-349-90655-0_17
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-69407-7
Online ISBN: 978-1-349-90655-0
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