Budget Issues: Difference between revisions
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==Effective budgetary control== | ==Effective budgetary control== | ||
Short reporting periods - so things do not get out of control | *Short reporting periods - so things do not get out of control | ||
Make budgets reasonable | *Make budgets reasonable | ||
Get accurate fat collection | *Get accurate fat collection | ||
Produce for managers with clear demarcation | *Produce for managers with clear demarcation | ||
*Behavioral aspects of budgetary control | |||
[[Category:Finance]] | [[Category:Finance]] | ||
Latest revision as of 07:46, 18 March 2011
- Most companies do variance analysis
Most companies to it
- For cost control
- Budgetary comparison
- Costs for Decision Making purposes
Beware of non-operating variances that may have an affect on profits
Significant favorable variances should be investigated as well Be aware of compensating variances
Effective budgetary control
- Short reporting periods - so things do not get out of control
- Make budgets reasonable
- Get accurate fat collection
- Produce for managers with clear demarcation
- Behavioral aspects of budgetary control
