What is budgetary control?

Budgetary control is the process whereby managers set financial and performance goals by preparation  budgets and then compare the budgeted performance with actual results and adjust performance as it is needed.



In other other words, budgetary control is the establishment of budgets relating the responsibilities of executives to the requirement of a policy and the continuous comparison of the the actual with budgeted results either to secure by individual action the objectives of that policy or to provide a basis of its revision.

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