What is budgetary control?
A) Another name for a flexible budget
B) The degree to which the CFO controls the budget
C) The use of budgets in controlling operations
D) The process of providing information on budget differences to lower level managers

Question

Quizplus · Accepted Answer

Budgetary control is the use of budgets as a tool to control and monitor operations within an organization. It involves setting financial goals in the form of a budget and then monitoring and comparing actual results against those goals to identify variances and take corrective actions as necessary. It is an important management tool that helps businesses to manage costs, plan for the future, and ensure that resources are being used efficiently and effectively.

What Is Budgetary Control