ابدأ بالتواصل مع الأشخاص وتبادل معارفك المهنية

أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.

متابعة

What is Budget control system?

user-image
تم إضافة السؤال من قبل Muhammad Hassan , Assistant Manager Accounts & Finance , Bahria Town (Pvt) Ltd.
تاريخ النشر: 2014/02/09
mohamed sabeen
من قبل mohamed sabeen , QHSE Manager , Novus catering service

A budgetary control system is a method of monitoring and controlling income, and expenditure and for managing the demands for cash, minimising borrowings . It can be applied in a business context or by an individual in relation to his or her personal finances. In a business environment it is most valuable as a tool to control the flow of cash because a good system would monitor cash inflow and flag-up any projected shortfalls so that corrective action could be taken, for example if some customers were habitually not paying promptly or there was a sudden and unusual need for spending. Additionally, such a system would also ensure that cash was always available for essential business purposes like buying raw materials.

Rakesh Chauhan
من قبل Rakesh Chauhan , Finance Associate - North & East India , Thermo Fisher Scientific - Life Technologies

In Finance Term, Analyasis the expenses where we need to execute, then audit where we are  goint to applying as to budget as expenses, capital, assest or out of expenses.

In Production Term, forcast the sale and procure the raw material to production accordingly to reduce working capital.

 

Marc Huddleston
من قبل Marc Huddleston , Major Account Director , Harris Corporation

A budgetary control system is a method of monitoring and controlling income, and expenditure and for managing the demands for cash, minimising borrowings . It can be applied in a business context or by an individual in relation to his or her personal finances.

المزيد من الأسئلة المماثلة