8_1s - CONTROL & BUDGETING CONTROL Dr.M. Thenmozhi...

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Dr.M. Thenmozhi Professor Department of Management Studies Indian Institute of Technology Madras Chennai 600 036 E-mail: [email protected]
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CONTROLLING CONTROLLING Evaluating performance in an organisation & applying necessary correction Measure performance Does performance match standards No Take Action No action yes methods for measuring performance
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CONTROLLING CONTROLLING Qualities of an effective control system – Timeliness Flexibility –E c o n om
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CONTROLLING CONTROLLING Master Budget Functional/Operating Budget Performance Budgeting Zero base Budgeting CONTROLLING TECHNIQUES Budgetary Non-Budgetary 1) Standard Costing 2) Break Even analysis 3) Operational/Internal Audit 4) PERT/CPM 5) ROI 6) MIS
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BUDGETING BUDGETING I. FRAMEWORK OF BUDGETING 1. Corporate Strategy, Planning and Budgeting 2. Budget Period 3. Programme Budget and Responsibility Budget 4. Organisation for Budgeting 5. Budget Base 6. Limiting Factor 7. Participation
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BUDGETING BUDGETING II. TYPES OF BUDGETS • Short Term and Long Term Budgets • Fixed and Flexible Budgets • Master Budget III. PERFORMANCE BUDGETING
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This note was uploaded on 01/20/2012 for the course MANAGEMENT 1 taught by Professor Prof.m.thenmozhi during the Fall '11 term at Indian Institute of Technology, Chennai.

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8_1s - CONTROL & BUDGETING CONTROL Dr.M. Thenmozhi...

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