Budgetary control Dissertation Essay - owlrangers.com.

The use of budgetary control in performance management as integrative control mechanism and its importance in organizations today. Criticism about the use of budgetary control system. Otley (2001) opines that many organizations have changed the way they operate, thus, using budgetary systems in controlling and measuring performance.

I, Doreen Donasian Assey, declare that this dissertation is my own origin work and that it has not been presented and will not be presented to any other university for a similar or any other degree award.

Demerits or Limitations of Budgetary Control: The main demerits or limitations of budgetary control are as follows: 1. The system of budgeting is based on estimates. If estimates go wrong then the budgetary control system may suffer adversely. 2. A budgetary control can be effective only when it is flexible.

Budgetary planning and control involves people and, therefore, it is important that the influence of the system on the motivation of individuals is examined. Once the company has set the budgets for the established period, budgetary control begins, comparing the estimates of revenue and expenditure in the budgets with the actual revenues received and outlays incurred.

When Emphasis on tight budget target and Cost control are both high, it is likely that the superior is highly control thesis using the accounting control system to control organizational objectives. Furthermore, the control and the sophistication of the accounting controls in place are likely to make it difficult for subordinates to create slack.

The following points highlight the seven necessary steps for successful implementation of a budgetary control system, i.e, (1) Organisation for Budgetary Control, (2) Budget Centres, (3) Budget Manual, (4) Budget Officer, (5) Budget Committee, (6) Budget Period, and (7) Determination of Key Factor.

Benefits of Budgetary Control: Business enterprises can obtain the following advantages from efficient system of budgetary control: 1. Budgeting is an all inclusive management tool. It integrates and ties together various organisational activities in the organization right from planning to controlling.

Budgetary control is financial jargon for managing income and expenditure. In practice it means regularly comparing actual income or expenditure to planned income or expenditure to identify whether or not corrective action is required.

With budgetary control systems being at the center of increasing orgarnizational efficiency and controlling costs, then the need to examine the role of the system in orgarnization’s financial performance is of paramount importance.

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A Research Study Upon Budgets Dissertation Budgets have been widely used by a lot of companies since it was first introduced, since it can assists managers to properly plan and control the business's solutions. Successful control mechanisms while Schick believes are the essential to budgetary expansion (Gray, Jenkins, and Segsworth, 2002, s. 11).

The process of budgetary control is a management control process in which the actual income and spending are controlled viz a viz the planned income and spending so that the firm can make decisions if plans are being followed and if those plans need to be changed in order to make a profit.