The Budget Control System in Organization
The Budget Control System in Organization
1.Ms. R. Javi Prabha
MBA, NET Assistant Professor,School of Management, Dhanalakshmi Srinivasan University,
Tiruchirappalli, Tamil Nadu – 621 112
2. S. Varsha – 11724500109
School of Management, Dhanalakshmi Srinivasan University,Tiruchirappalli, Tamil Nadu – 621 112
Abstract:This study examines the importance of budget control systems in organizations and their role in financial planning and performance management. A budget control system helps organizations plan expenses, monitor revenues, control costs, and achieve financial objectives efficiently. The study highlights how organizations use budgetary control techniques to improve operational efficiency and decision-making. The research also discusses the benefits and challenges associated with budget control systems in modern organizations. Findings indicate that effective budget control improves resource utilization, organizational coordination, profitability, and financial discipline. However, improper planning, lack of employee involvement, and inaccurate forecasting can reduce the effectiveness of budgetary control systems.
Keywords: Budget Control, Financial Planning, Organizational Performance, Cost Control, Budgeting System, Management.