USING BUDGETS

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  • 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

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