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What is Budgetary Control Process Overview about?

Budgetary control involves establishing budgets and comparing actual performance to the budgets. The key objectives of budgetary control are communication, coordination, motivation and control. There are different types of budgets like short-term vs long-term budgets and fixed vs flexible budgets. Budgetary control helps management control operations by establishing short-term objectives and financial plans.

Author

aksp04

Language

EN