This chapter looks at budgeting used as a method of control within an organisation.You will already have been examined on budgeting in previous examinations, and much of this chapter is therefore revision.
In this examination, questions are more likely to focus on written aspects, and the syllabus includes budgeting in not-for-profit organisations; modern developments; and behavioural aspects.
Functions of budgeting
- Authorising and delegating
- Evaluation of performance