Budgetary control – business looks to future & states what it wants to happen and to achieve, then decides how to get there.
How does a department know that it’s performance is satisfactory.
Targets set to allow business to know if objectives have been met.
Results achieved compared to targets set.
Control is effective if information is readily available to managers.
Financial year usually divided into control periods of four weeks or one calendar month. Budget may be prepared for each control period.

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