Maddox Smith Staff asked 5 years ago

Financial Or Administrative Control

Budgeting can be used as a means of financial or administrative control.  In order for budgetary control to be effective, the provision of good budgetary control information is essential.   Required   (a)       Explain the main objectives of budgets in an organisational context.                                       (12%) (b) Describe the key features that should be taken into consideration when designing budgetary control information.                                                                                                                                                                                (10%) (c)       Outline two ways to make budgetary control reports more meaningful.                                  (4%) (d)       Define the terms ‘feedback control’ and ‘feedforward control’ and provide an example of each.  (4%) Total: 30%