Budgetary control refers to how well managers utilize budgets to monitor and control costs and...
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Accounting
Budgetary control refers to how well managers utilize budgets to monitor and control costs and operations in a given accounting period. In other words, budgetary control is a process for managers to set financial and performance goals with budgets, compare the actual results, and adjust performance, as it is needed."
Give 2 examples of each budgetary control.
1)A control technique whereby actual results are compared with budgets.
2)Any differences (variances) are made the responsibility of key individuals who can either exercise control action or revise the original budgets.
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