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Budgeting & Budgetary Control

This video introduces the process of budgeting, the types of budgets (incremental budgeting and zero-based budgeting) with their associated benefits and drawbacks, in addition to, the process and evaluation of budgetary control (including analysis of variances - favourable / adverse). Time stamps: 0:00 - Opening Comments 0:13 - Introducing Budgets 0:57 - Incremental Budgets 2:00 - Zero-Based Budgets 3:21 - Budgets in Planning & Control 4:22 - Evaluating Budgets & Budgetary Control 5:40 - Summary Please like, comment and subscribe for more accounting topic breakdowns. #Budgets #BudgetaryControl #AlevelAccounting