Budget & Budgetary Controls | Hindi + English Costing Capsules | CA Inter (May, 2022)

CA Inter Costing Marathon for May, 2022 exams. Since, CA Intermediate exams are approaching soon and pressure is building up!

Costing Capsule #
49. Types of Budget

There is always a fear of forgetting concepts which are critical for examination. This Costing Capsules will help you remember all those important points and concepts which will help you solve the sums in your examination and boost your preparation & confidence.

This is CA Inter costing revision lecture will help to swiftly revise entire Costing / Cost and Management Accounting subject.
This is similar to Costing Marathon with important concept discussion which you should watch everyday until you CA Intermediate costing exam.

Download our App today:

Benefits of App:
1. Personal Coach
2. Dedicated Doubt Clearing Space
3. Personalized Test Analysis
4. Study Booster Sessions
5. Free Preparatory Study Material
6. ICAI Update, Tips & strategy, Result update, Revision Marathon, Plan, etc
7. Live Online Classes
8. Learn from Past Year Question paper.
9. Important ICAI announcement

Website: www.costingbydevangi.com
Telegram: https://t.me/costingbydevangi
Whatsapp: https://wa.me/message/HZ4LCPJ4SFZSI1
Instagram: https://www.instagram.com/devangim/
Facebook: https://www.facebook.com/prof.ca.devangishah

Budget, budgeting, budgetary control and standard costing are essential tools frequently used by business executives for the purpose of planning, execution and control of business activities. In the case of budgetary control, the exercise starts with the setting up of budgets or targets, measuring achievements, comparing actual achievements with budget and ends with the taking remedial actions, in case the actual figures differ with the budgetary ones.

Meaning of Budget and Budgeting
Budget: A budget is an instrument of management used as an aid in the planning, programming and control of business activity. The Chartered Institute of Management Accountants (CIMA) UK defines budget as “A financial and/or quantitative statement, prepared and approved prior to a defined period of time of the policy to be pursued during that period for the purpose of attaining a given objective. It may include income, expenditure and employment of capital” The budget is a blue- print of the projected plan of action expressed in quantitative terms for a specified period of time.
Budget and Forecast
There is some similarity between the budget and forecast as both relate to a defined period of time. A forecast is an assessment of probable future events.


Budget a financial/quantitative plan of a business enterprise to be pursued over a period of time. Therefore, at the planning stage it is necessary to forecast a probable course of action for the business. Budget is a commitment or a target which the management seeks to attain on the basis of the forecasts made. Forecasts are made regarding sales, production cost and financial requirements of the business. A forecast denotes some degree of flexibility while a budget denotes a definite target.

Budgeting: Budgeting is the process of designing, implementing and operating of budget. The main emphasis in budgeting process is the provision of resources to support plans which are being implemented. It is a means of coordinating the combined intelligence of an entire organisation into a plan of action based on past performance and governed by rational judgment of factors that will influence the course of business in the future.

#BudgetaryControl #budgeting #Costing #Budget #Costaccounting #Budget_ #ICAI #revisionkaisekare #costing #caintermediate #costingmarathon #CAMayexam2022 #Revision_Strategy
Be the first to comment