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Budgeted and Actual Figures

27/04/2016

Budgets set out in financial terms the responsibilities of executives in relation to requirements of organisations policy.

Comparing actual results against budgeted results allows managers to meet the objectives of the policy or to determine necessary revisions of the policy.

Budgetary controls assist managers with planning, coordinating and controlling of individuals activities and overall performance of organisation.

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From → 01 - Budgets

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