Budgetary Control Interview Question:

Explain what are Budgetary Control characteristics?

Submitted by: Administrator

Following are the characteristics of Budgetary control:

-It deals with the establishment of the budgets.

-A control technique where actual results are extracted from the organisation's operations and compared with the budget prepared.

-Any differences or variations are computed and made the responsibility of key individual who can either take actions for maintain the favourable variations or revise the budgets.
Submitted by: Administrator