Definition of budgetary controlas per the icma budgetary, Ask an Expert

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DEFINITION OF BUDGETARY CONTROL

As per the ICMA, BUDGETARY CONTROL is the establishment of budgets, relating the tasks of executives to the requirements of a policy, and the constant comparison of actual with budgeted results either to secure by individual action, the objectives of that policy or to provide a basis for its revision.

BUDGETARY CONTROL is the system of accounting and management control in which all operations are predicted as far as possible and are planned ahead and actual results are matched with planned & forecasted ones - J.A.SCOTT.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M9511638

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