Budgetary control

Definition of
budgetary control
Treasury Management
regulation of spending regulation of spending according to a planned budget ...

Budgetary control
The process of ensuring that actual financial results are in line with targets - see variance
analysis.
Flexible budget ...

BUDGETARY CONTROL - The control or management of a governmental unit in accordance with an approved budget for the purpose of keeping expenditures within the limitations of available appropriations and available revenues.

Budgetary control - A business system which involves making future plans. comparing the actual results with the planned objectives and then investigating causes of any differences.

Budgetary Control and Responsibility Accounting
In Lesson 24, we saw how a master budget can be used for planning purposes. With Lesson 24 as background, Lesson 25 provides another aspect of the budgeting process"that of budgetary control.

See also: Targets, Expense, Actual cost, Dispersion, Mean-variance analysis