Paper Status Tracking
Contact us
[email protected]
Click here to send a message to me 3275638434
Paper Publishing WeChat

Article
Affiliation(s)

ABSTRACT

Budgetary control system is a sin quo non for every business irrespective of whether it is small, medium or large. It is used for forecasting, fixing the responsibility of the departments, and the effective utilization of resources. It in turn leads to increase in the productivity, profitability and return on investment. Budgetary control system helps the senior managers to ensure that spending limits are adequate. Budgetary control system becomes one of the most vital and critical area of business management. Presently, much attention has been given to improving of budgetary control and planning and their interrelationship in developing countries including India. Two-way analysis is made in this paper: One is developing predictor model for an effective budgetary control system for listed companies in India and the other is the analysis on the quality reporting system for financial statements especially budgetary control system. The method of research is empirical which tests the feasibility of solution using empirical evidences based on the statistical applications. The result of the current study shows that effective budgetary control factors are prominent in determining the budgetary control system in Indian listed companies and have significant correlation between dependent and independent variables. The study suggested initiating steps for using budget as a tool for optimum use of available resources, for avoiding conflicts among departments while allocation of resources and for increasing the inspirational quality of the budget for budgetary control.

KEYWORDS

budgetary control system, effective budgetary control factors, Indian listed companies, traditional budgeting, budget related targets, budgeting, management accounting

 

Cite this paper

Journal of Modern Accounting and Auditing, January 2021, Vol. 17, No.1, 41-51 doi: 10.17265/1548-6583/2021.01.003

References
Abdullahi Sediq Rabiu. (2015). The role of budget and budgetary control on organizational performance, International Journal of Innovative Research in Information Security, 4(2), 22-28.
Baloguan, A., Mamidu, A. I., & Owuze, C. A. (2015). Budgetary control and organizational performance. Journal of Educational Research in Natural and Social Sciences, 1(1) 97-108.
Cimpoeru, Vi., & Cimpoeru, Vo. (2015). Budgetary transparency―An improving factor for corruption control and economic performance. Procedia Economics and Finance, 4(3), 579-586.
Esther, I. O. (2015). Sustainable budgeting and budgetary control in public enterprises in Nigeria. International Journal of Business & Management, 3(7), 116-120.
Sadiq, A, Abubakr, M. A, Goni. K & Tunde. M. (2015). The role of budget and budgetary control on organizational performance: a case study of tahir guest house. International Journal of Innovative Research in Information Security, 2(4), 22-28.
Gates, S., & Germain, C. (2016). Designing complementary budgeting and hybrid measurement systems that align with strategy. Journal of Management Accounting, 16(2), 1-6.
Hassan, I. M., & Siraj, F. B. (2015). Utilizing the budgetary control framework to build the electronic budgetary control (EBC) system: The University of Karbala in Iraq as a case study. International Journal of Innovative Research in Advanced Engineering, 2(2), 91-100.
Isaac, L., Lawal, M., & Okoli, T. (2015). A systematic review of budgeting and budgetary control in government owned organizations. Research Journal of Finance and Accounting, 6(6), 1-10.
Koopaei, A. M., & Haeri, F. A. (2015). Study of the requirements of budgetary strict control in state organizations in the face of budgetary turbulence. Academie Royale Des Sciences, 4(3), 58-66.
Kyei, E., Kwaning, C., & Francis, D. (2015). Budgets and budgetary control as a management tool for Ghana metropolitan assemblies. Journal of Finance and Accounting, 3(5), 159-163.
Lidia, T. G. (2015). An analysis of the existence of a link between budgets and performance in economic entities. Procedia Economics and Finance, 6(5), 1974-1803.
Mohamed, I. A., Evans, K., & Tirimba, O. I. (2015). Analysis of the effectiveness of budgetary control techniques on organizational performance at Dara-Salaam Bank Headquarters in Hargeisa Somaliland. International Journal of Business Management and Economic Research, 6(6), 327-340.
Mulani, J., Chi, G. T., & Yang, J. (2015). Effects of the budgetary process on SME’s performance: An exploratory study based on selected SME’s in India. Research Journal of Finance and Accounting, 6(14), 135-153.
Venkatasami, A. V. (2015). A study on budgetary control with special reference to Coimbatore District Co-Operative Milk Producer’s Union Limited, Coimbatore. Business & Financial Affairs, 4(2), 2-9.

About | Terms & Conditions | Issue | Privacy | Contact us
Copyright © 2001 - David Publishing Company All rights reserved, www.davidpublisher.com
3 Germay Dr., Unit 4 #4651, Wilmington DE 19804; Tel: 1-323-984-7526; Email: [email protected]