BUDGETS AND BUDGETARY CONTROL AND

BEHAVIOURAL IMPLICATION OF BUDGETING

INTRODUCTION
The Budgeting Process and preparation of both
Functional Budgets, Cash Budgets and consolidate
them into a master Budget. The Unit looks at the use
of Budgets for control purposes by using the Flexible
Budget Techniques. The Unit looks at the impact of
budgets on staff motivation.
 BUDGETS AND BUDGETARY CONTROL …(Cont.)

LEARNING OUTCOMES: After studying this unit, the student should be able to:

• Explain the concept of Budgets and Budgetary Control

• Prepare both Operational/functional Budgets including Cash and Master Budgets
• Apply Flexible Budgets for Control
• Assess the behavioural implications of budgetary control and performance evaluation,
including participation in budget setting.
BUDGETS
• DEFINITION: