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What is Understanding Budgeting and Control about?

The document discusses budgets, budgeting, and budgetary control. It defines a budget as a written financial plan for a defined future period that quantifies business policies and plans. Budgeting is the process of preparing budgets. Budgetary control is defined as establishing budgets, relating executive responsibilities to policy requirements, and continuously comparing actual performance to budgets to ensure objectives are met or require policy revision. The objectives of budgetary control include defini

Author

Siva Sankari

Language

EN