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Ineffective budget control systems are characterized by?

A- Lack of timily feedback in the use of the budget.

B- Use of budget for harrasment for individuals rather than motivation.

C- Use of budgets as of planning but not for controling tool. 

D- All of the above.

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Question ajoutée par Mobeen Tahir , Credit Officer , Tawuniya Insurance
Date de publication: 2015/02/26
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option >>>>>>>>>>>>>>>>>>  D- All of the above.

Md. Moshiur Rahman Sumon
par Md. Moshiur Rahman Sumon , Assistant General Manager( Corporate Finance & Head of Internal Audit) , Progressive Life Insurance Company Limited

C- Use of budget as of planning but not for controlling tool..........is correct answer.

Nileshkumar Lodha
par Nileshkumar Lodha , Financial Controller , Silver Company Limited

Answer : Option A, since if there is no timely feedback, the data becomes irrelevant. and actuals cannot be compared with Budgeted figures, to take corrective action.

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