« Objective(s) & Purpose(s) Of The Budget Committee(Part7)
The Different Type Of Budget(Flexible Budget-Part9) »

Budget Manual(Part8)

[ GO TO THE MAIN PAGE ON ALL ARTICLES ON BUDGETING]
Here,in this Part 7, we learned the following reasons for companies to set up Budget Manual:-

  • The budget manual documents the administration of budgeting. It contains the purpose of, procedure for and responsibility of the people involved in budgeting.

Others details includes:

  • The objectives of the business and the part which budgetary control plays in achieving these objectives;

  • The procedures to be adopted in operating the budgetary control system;

  • The responsibilities and duties of those connected with the preparation of the budgets;

  • The reports and statements required for each budget period;

  • The functions of the budget committee and

  • The accounts classification to be used.

This entry was posted on Wednesday, October 17th, 2007 at 5:26 am and is filed under 5. Budgeting. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply