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What is the distinction between budgetary control and management control?

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Question added by Nadjib RABAHI , Freelancer , My own account
Date Posted: 2017/05/01
Rajkiran Nair
by Rajkiran Nair , Project Management IT Specialist (Project Management Information Technology Specialist) , Boeing

Budgetary control is managing to utilize budgets, monitor and control costs and operations in a given accounting period. It means to set financial and performance goals with budgets, compare the actual results and adjust performance when required

Management control gathers and uses information to evaluate the performance of different organizational resources like human, physical, financial and organizational strategies

Frank Mwansa
by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

Management control is the process by which managers assure that resources are obtained and used effectively and efficiently in the accomplishments of the organization 's objectives 

Budgetary control involves drawing up budgets for the areas of responsibility of individual managers and of regularly comparing actual results against expected results. The differences between actual results and expected results are called variances and these are used to provide a guideline for control action by individual managers.

 

Soliman Abd  ALmalak Gendy
by Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

A management control is is system which gathers and uses information to evaluate the performance of different organizational resources. .-Budgetary control is a control technique whereby actual results are compared with budgets. Any differences are made the responsibility of key individuals who can either exercise control action -Budgetary control and responsibility centers;these enable managers to monitor organizational functions

Visal Joseph
by Visal Joseph , Tax Manager , Al Mizan Tax Consultants L.L.C

Agree with the given answers.

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