- Created by: Tamara
- Created on: 10-04-13 11:51
The Role of Budgets –
“Budgetary Control” A budget is a financial plan for the future concerning the revenues and costs of a business. However, a budget is about much more than just financial numbers.
Budgetary control is the process by which financial control is exercised within an organisation.
Budgets for income/revenue and expenditure are prepared in advance and then compared with…