International Research journal of Management Science and Technology

  ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST

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MANAGERIAL IMPLICATIONS AND BEHAVIOURAL ASPECTS OF BUDGETARY CONTROL

    1 Author(s):  PARVESH KUMAR GOYAL

Vol -  6, Issue- 11 ,         Page(s) : 59 - 64  (2015 ) DOI : https://doi.org/10.32804/IRJMST

Abstract

Budgets are part of management control designed to promote the efficient use of resources and providing support for other critical functions. The extent to which any budget is successful is very much dependant on its acceptance and the attitudes of workers towards it. This paper focuses on the crucial role of the behavioural aspects of budgeting and how an understanding of its importance can contribute to a successful budgeting process. It describes the nature of budgeting and analyses the budgeting process in organisations. The paper shows why budgeting is important to firms and describes the impact budgeting has on human behaviour such as motivation and dysfunctional behaviour.

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