12. Reporting and Control Flashcards

1
Q

Budgetary control

A

comparing actual income and spending with planned

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2
Q

Budgetary control involves (4)

A
  1. measuring
  2. reporting
  3. analyze
  4. feedback
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3
Q

Formalized reporting system

A
  1. name of the budget
  2. frequency
  3. purpose
  4. recipients
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