Skip to main content

CS Executive Budgeting and Budgetary Control as a tool of management


CS Executive Budgeting and Budgetary control as a tool of management

Budgetary control has become a fundamental tool of management for costs and maximizing profits. It may be appreciated as one of the utmost examples of rationality in management. It is a useful management tool for comparing the current performance with pre-planned performance with a view to attaining equilibrium between ends and means, output, and effort. It corrects the deviations from a pre-planned path through the media of observation, research planning, control, and decision-making and thus helps in the performance of future activities in an orderly way. It uncovers un-economies in operations, weaknesses in the organization structure, and minimizes wasteful spending. It acts as a philosopher, friend, and guide to the management.

Its advantages to management can be summarized as follows:

  • It brings efficiency and economy in the working of the business enterprise.
  • It establishes divisional and departmental responsibilities. It thus prevents ‘buck-passing’ when the budget figures are not met.
  • It coordinates the various divisions of a business, namely, the production, financial, marketing, and administrative decisions.
  • It guards against undue optimism leading to over-expansion because the targets are fixed by executives, after cool and careful thoughts.


To know more about CS Executive video lectures & video lectures for all subjects at Takshila Learning with the best faculty support through call, what's app, email & more.



Comments

Popular posts from this blog

Magnetic and non-magnetic material Class 6 Science

Magnetic and non-magnetic material  Class 6 Science A magnet is a substance that is drawn to certain magnetic materials like iron, cobalt, and nickel. Magnets have the ability to draw iron to them. Natural magnets are rocks that naturally draw iron. Non-magnetic materials include things like wood, rubber, coins, feathers, leather, etc. that are not drawn to iron. Magnet characteristics It pulls magnetic materials, such as iron. The magnet's two ends are referred to as its poles. The magnet's diametrically opposed poles are drawn together. Heating, hammering, or dropping causes it to lose its characteristics. On the basis of properties types of Magnets Temporary magnets are those magnets that are magnetic for only a little duration. Typically, iron, cobalt, or nickel are used to make them. When they are close to the powerful magnet, they act like a magnet. When they are yanked away from the powerful magnet, they stop being magnetic. Permanent magnets are magnets that have magne...

What are Noble Gases? Example and noble gases name

What are Noble Gases? Example and noble gases name Noble Gases Noble gases, sometimes known as inert gases or erosions, are part of the modern periodic table's 18th group. This group is made up of the following individuals: Helium is a kind of gas (He) Neon (Ne) Argon is a gas (Ar) Krypton  (Kr) Xenon is a kind of xenon gas (Xe) Radon is a gas that can cause cancer (Rn) Noble gases exist in a gaseous state under typical temperature and pressure conditions. Because all noble gases have stable electronic structures, they have very little chemical reactivity. They are monoatomic gases that do not readily form molecules. 'ns2np6' represents the basic electrical configuration of noble gases. As a result, noble gases' outermost valence shells can be deemed 'complete.' The chemical inertness of the group of 18 elements is due to this. Because of the stability of certain elements, these gases form a group. These stable elements' crusts are totally filled. Regardles...

CS Executive

At  Takshila Learning  we provide you Video Lecture of best faculties in India. We assure you not only the best quality of videos but also best content. Our teachers way of teaching, presentation and explanation is very simple and unique. Why Takshila Learning? We can give you 10 top reasons why you should take CS Executive Online Video Coaching Classes Lectures from Takshila Learnings. We are providing online classes of CS Executive for last 5 years (almost  oldest in the market ) We pick  best teachers  for every subjects. We don’t provide updates only with old videos. Infact we provide  new updated classes  for every attempt Our teachers update notes for every attempt. Videos and notes are  highly exams oriented . Our teachers  cover last 5 attempts question papers  along with ICSI Course content. Our video classes  includes live practical examples  to help you understand easily. Our structure of our  fee ...