Budgetary Control

In cost accounting, budgetary control refers to the process of management of income and other expenses. Here, the day to day expenses or actual income are analysed in comparison to planned income or expenditure. This practice easily helps identify and understand if any action or operation has to be rectified and or looked into. Since budgetary control requires conducting regular evaluations and analyses, all transactions which help run the business are under constant surveillance and control, thereby making the process inarguably essential to running a successful business. We have for you in this section all terms, concepts, definitions, techniques, procedures and other things relating to budgetary control.