Budgeting and fiscal management terminology and scope : a study

Authors

  • Dr. Rakesh Kumar Reader Department of commerce, SM College Chandausi

Keywords:

Budgetary Control, financial planning, budgeting, management

Abstract

When it comes to financial planning, people, organisations, and governments all need to include budgeting and fiscal management as essential components. The purpose of this article is to offer an overview of the terminology used in budgeting, to explain the spectrum of activities that fall within the area of budgeting, and to present essential ideas such as the management of cash flow, the management of money, and the utilisation of both fixed and flexible budgets. It is necessary to have a solid understanding of these concepts in order to make sound decisions regarding finances and to appropriate resources. By gaining an understanding of the principles of budgeting and fiscal management, people and organisations may improve their ability to negotiate the complexity of financial planning and succeed in achieving both their short-term and long-term financial objectives.

References

Bhattacharya, Mahasweta. n.d. Budget and Budgetary Control Semester IV- CMA II.

Control, Budgetary, Control Ratios, and Performance Budgeting. n.d. Unit 14 Budgeting And. 66–95.

Stergren, K., & Stensaker, I. (2010). Management Control without Budgets: A Field Study of ‘Beyond Budgeting’ in Practice. European Accounting Review, 20(1), 149–181. https://doi.org/10.1080/09638180903487842

Tobias Johansson, Sven Siverbo, The appropriateness of tight budget control in public sector organizations facing budget turbulence, Management Accounting Research, Volume 25, Issue 4, 2014, Pages 271-283, ISSN 1044-5005, https://doi.org/10.1016/j.mar.2014.04.001.

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Published

31-03-2016

How to Cite

Dr. Rakesh Kumar. (2016). Budgeting and fiscal management terminology and scope : a study. International Journal for Research Publication and Seminar, 7(1). Retrieved from https://jrps.shodhsagar.com/index.php/j/article/view/1371

Issue

Vol. 7 No. 1 (2016): Jan - Mar 2016

Section

Original Research Article

License

Copyright (c) 2016 International Journal for Research Publication and Seminar

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