Describe Budgetary Control through the Appropriations and Allotment Processes.

Expert Solution

Appropriations basically keep main focus on specific targets. Particular amount of money is being kept reserved for full filling special purposes. Limit of money is being decided by a high level committee. Various discussions are carried out before the process of Appropriation.

Special focus remains on the fact that other tasks should not be hampered just for the sake of one particular task. Allocation basically describes the amount of money designated for each and every task. It also emphasizes on the fact that under no circumstances limit of budget allocation should be exceeded.

It basically sets a boundary line for various expenditures. Both allocation and appropriations mark the boundary line under which various financial activities need to be carried out. This maintains the proper management in terms of expenditures. It also inspires to deliver level best performances with proper planning and management of resources.

Hayet Jeridi answered 6 months ago

List two broad measures of budgetary control.

Discuss the uses and advantages of the budget. Explain the concept of control and budgetary control.

The GASB budgeting, budgetary control, and budgetary reporting principle provides that all governmental units should prepare...

The GASB budgeting, budgetary control, and budgetary reporting principle provides that all governmental units should prepare an annual budget. Is this really necessary?

Describe and discuss strategy review, evaluation, and control processes, criteria, and methods used.

2) Budgetary control is the use of budgets in controlling operations. What are the steps in...

2) Budgetary control is the use of budgets in controlling operations. What are the steps in budgetary control? 3) What is a static budget? Whys is a static budget is an appropriate basis for evaluating a manager’s effectiveness in controlling costs? 4) List the steps in preparing a flexible budget? 5)Responsibility reports differ from budget reports in two respects? State and explain each one. 6) There are three types of responsibility centers. Please list and define what each center does?...

A.) explain use of learning curve in budgetary and budget control,and explain the difficulties that the...

A.) explain use of learning curve in budgetary and budget control,and explain the difficulties that the management Accountant may encounter in such use. B.)Explain how allocating Support department costs will encourage service department to operate more efficiency. c.)"A customer profitbility highlights those customers who should be dropped to improve profitability".Doyou agree?Why or Why not?

1. Budgetary control and standard costing have the common objective of cost control by establishing pre-determined...

1. Budgetary control and standard costing have the common objective of cost control by establishing pre-determined targets. These two techniques are similar in certain respects but differ in respect of other points. Require to: Compare and contrast budgetary control and standard costing  In Question 1, student needs to give an introduction about budgetary control and standard costing and then compare and contrast both the methods. (Approximately 550 words)

Subject: Budgeting and Budgetary Control Explain behavioural consequences of budgeting. (50 marks)

Subject: Budgeting and Budgetary Control Explain behavioural consequences of budgeting.

Identify the problems that appear to exist in Burbage’s budgetary control system and explain how these...

Identify the problems that appear to exist in Burbage’s budgetary control system and explain how these problems are contributing to the company’s poor cash position. Identify the budgets that Brian and Alex will need to create to resolve these issues, including the information that is needed to construct each budget. Once you have identified the problems and necessary budgets, prepare a report for Don and the rest of the management team outlining your plan for establishing a budgetary control system,...

Question

Describe Budgetary Control through the Appropriations and Allotment Processes.

Solutions

Expert Solution

Related Solutions

List two broad measures of budgetary control.

List two broad measures of budgetary control.

Discuss the uses and advantages of the budget. Explain the concept of control and budgetary control.

The GASB budgeting, budgetary control, and budgetary reporting principle provides that all governmental units should prepare...

Describe and discuss strategy review, evaluation, and control processes, criteria, and methods used.

2) Budgetary control is the use of budgets in controlling operations. What are the steps in...

A.) explain use of learning curve in budgetary and budget control,and explain the difficulties that the...

1. Budgetary control and standard costing have the common objective of cost control by establishing pre-determined...

Subject: Budgeting and Budgetary Control Explain behavioural consequences of budgeting. (50 marks)

Identify the problems that appear to exist in Burbage’s budgetary control system and explain how these...