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u mean variances?
nO…Budgeting .. Aims of budgetary control system..Is it the same as purpose of budgeting?
The purpose of budgeting is to control the operational activities of an organisation, by which various standards are set for the operational process of the organisation, for eg. sales targets, material consumption (through established standard input output norms) etc.
However controlling systems are to be implemented and applied to ensure that the operational activities are within the budget limt and thereby measure the performance of the managers for the activities they are responsible.
Controlling systems in the syllabus of F-05 are, standard variances report, mix and yield variances etc.
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