| 释义 |
budgetary control
budgetary control n (Economics) a system of managing a business by applying a financial value to each forecast activity. Actual performance is subsequently compared with the estimates EncyclopediaSeeBudget Controlbudgetary control
Budgetary ControlAny process a company or government puts in place to help ensure accuracy and honesty in its budget. Budgetary control may set goals for expected revenues or planned expenditures. It almost always includes a system to monitor compliance over time.budgetary control a system for controlling COSTS and REVENUES by comparing actual results with BUDGET estimates and then taking corrective action where necessary See COMPARISON STATEMENT. Budgetary control involves two main stages: - preparation of the budget prior to the start of the budget period, forecasting and planning activities for that future period;
- control by taking action based upon an evaluation of actual performance during the budget period in the light of the plans and standards developed in the budget.
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