Download Readings in Cost Accounting, Budgeting and Control eBook
by William E. Thomas
by William E. Thomas.
by William E.
By (author) William E. AbeBooks may have this title (opens in new window).
Thomas, William E. 1913-. Quantitative controls for business; an introduction, by: O'Neil, John Tettemer. Published: Cincinnati, South-western Pub. C. .
International Standard Book Number. Thomas, William E. (William Edgar), 1913-.
A financial control is a tool to monitor activities in your business.
Its most obvious features are a projection of revenue (how much you anticipate selling) and expenses (how much you anticipate spending). The budget can also contain non-financial information, such as how many employees you think you need. A financial control is a tool to monitor activities in your business. Often, a company (or a division or department within it) isn’t allowed to spend more than has been budgeted. Budgets cover a specific period of time, most commonly a year.
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Budgeting: key to planning and control; practical guidelines for managers. Bradfrod: Lexington, Mass. New York: American Management Association. Sundem, G. L. & Business, S. U. G. S. 2013. Amsterdam : Elsevier JAI. Taylor, . 2012. Cash flows & budgeting made easy : how to set and monitor financial targets in any organisation. London: How To Books. New Jersey: Cincinnati : South-Western Pub.
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Budget, Budgeting, and Budgetary Control. Let us go through the terms sequentially. Master Budget or Summarized Budget or Finalized Profit plan. This budget is very useful for the top management of the company because it covers all the information in a summarized manner. It is a rigid budget and is drawn on the assumption that there will be no change in the budget level. It is also called a sliding scale budget.