(1) The control or management of a university or other enterprise in accordance with an approved budget for the purpose of keeping expenditures within the limitations of available allotments and revenue. (2) One of the modules of the university's accounting system used to help control and manage the university's spending.
The process of matching the recorded progress of selected aspects of production and farm operation against a budget.
The control or management of a governmental unit in accordance with an approved budget for the purpose of keeping expenditures within the limitations of available appropriations and available revenues.
system of creating budgets, monitoring progress and taking appropriate action to achieve budgeted performance. Note: a budget should provide the information necessary to enable approval, authorisation and policy-making bodies to assess a project proposal and reach a rational decision.
Budgetary control is the way in which financial control is maintained within a business - by using budgets for income and expenditure for each main function of the business. During the course of a financial period, these budgets are compared with actual performance to establish any variances. Individual managers who are responsible for the controllable activities within their budgets are expected to take corrective action on adverse variances (e.g. where costs are greater than budget or where sales or income are less than budget)
The control or management of a government or enterprise in accordance with an approved budget to keep expenditures within the limitations of available appropriations and available revenues.
