Management Accounting - Budgeting & Budgetary Control | Theory | Lecture 30 | BCOM hons , BCOM

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Welcome to this educational video on Concept Budgeting and Budgetary Control in Management Accounting, designed specifically for BCom students.

In this video, we will cover the essential concepts of budgeting, including its meaning, objectives, and significance in management accounting. We will also discuss budgetary control and its importance in ensuring effective budgeting.

We will explore the different types of budgets, such as the master budget, operational budget, and financial budget, and how they work together to help businesses plan and control their finances effectively.

Furthermore, we will delve into the budgetary control process, including variance analysis, which helps businesses identify and rectify any discrepancies between actual and budgeted results.

By the end of this video, you will have a comprehensive understanding of concept budgeting and budgetary control, and how they are applied in management accounting to achieve business goals.

So, whether you are a BCom student or anyone interested in gaining a deeper understanding of budgeting and budgetary control, this video is for you.

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