Why are Budgets Useful in Planning Process?
Everyone knows what a budget is, and almost everyone has a budget. A budget is basically a financial plan that helps estimate the revenue… Read Article
Budgetary Control
Budgeting Process – Meaning, Approaches, and Steps
What is a Budget and Budgeting Process?A budget is a tool for planning, implementing, and controlling activities for the optimum utilization of scarce resources… Read Article
Budgetary Slack
What is Budgetary Slack?Budgetary slack is the intentional overestimation of expenses & losses or underestimation of incomes & profits in the budget. The business… Read Article
Budget Control
Budgetary control is the process of preparing budgets for the future period, comparing the standards set by the budget with the actual performance, finding… Read Article
Limitations of Budgeting
Budgeting is an important exercise that is followed in almost all organizations. Although budgeting has a lot of advantages, it has a few limitations,… Read Article