Management and budgetary control is the system of proactively controlling performance against predetermined targets at all levels of the organisation, which may include projects, people, activities, processes, sales volumes and revenues, resource quantities, operating costs and expenses, assets, liabilities and cash flows, as well as other non-financial measures.
Having great cost-accounting systems and processes in place provides a solid foundation for driving and holding costs down. As part of this, systems of management and budgetary control help organisations evaluate performance
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A cost transformation model - Management and budgetary control
Aug 02, 2018 · 1 min read
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