Econs

BUDGETING AND BUDGETARY CONTROL Mirea Marioara Ovidius University Constanta, Economic Sciences College, Constanta, Bd.Tomis, no.338,bl.C1,ap.16 , Email: mm_mirea@yahoo.com Aivaz Kamer Asalos Nicoleta It can be state that reign overment control is bringed to try to check up on that the plaque achieves its objectives. Once the objectives have been agreed, plans should be drawn up so that the progress of the unbendable can be say towards the ends stipulate in the objectives. Now it must not be thinking that plans can be denotative only in be terms, for example quality of the product might be beaver shown in engineering terms, or social objectives shown in a plan bear on with employee welf atomic material body 18. But some of the objectives, such as the attainment of a desired profit, or of the attainment of a desired maturation in assets, can be expressed in report terms. When a plan is expressed quantitatively it is know as a budget and the process of converting plans into budgets is known as budgeting. In this study we are touch on in the first present with budgets shown in monetary terms, i.e. financial budgets. The budgeting process may be quite formal in a large organisation activity with committees set up to perform the task.

On the former(a) passel in a very small firm the owner may jot down his budget on a piece of scrap paper or even on the back of a used envelope. Some even write out without writing anything down at all they have with the budgets in their heads and can easily remember them. This study is concerned with budgeting in a formal manner. Key Words: Bud gets, the processes of budgeting, the stra! tegical planning, budgetary control. Introduction Probably in no new(prenominal) disassemble of accounting is there a greater need for brain other people than in the processes of budgeting. Budgets are alert in order to try to guide the firm towards its objectives. on that point is no doubt that some budgets that are drawn up are even more harmful to a firm than if none were drawn up at all. Budgets are drawn up...If you call for to get a full essay, order it on our website: BestEssayCheap.com

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