What Are The Requirements Of A Good Budgeting System?
What Are The Requirements Of A Good Budgeting System? Sound Forecasting. An Adequate, Planned and Reliable Accounting System. Efficient Organisation. Formation of Budget Committee. Cleanly defined Business Policies. Availability of Standard Information. Support of Top Management. Good Reporting System. What are essentials of a good budgetary control? Top Management Support: … Clearly Defined Organizational Structure: