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According to the Institute of Cost and Management Accountants (CIMA), how is budgetary control defined?
  • a)
    The continuous comparison of actual results with budgeted results
  • b)
    The establishment of budgets relating the responsibilities of executives to policy requirements
  • c)
    The setting of budgets without any comparison to actual results
  • d)
    The establishment of financial policies without budgets
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
According to the Institute of Cost and Management Accountants (CIMA), ...
Budgetary control, as defined by CIMA, involves the establishment of budgets relating the responsibilities of executives to policy requirements and the continuous comparison of actual results with budgeted results.
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According to the Institute of Cost and Management Accountants (CIMA), how is budgetary control defined?a)The continuous comparison of actual results with budgeted resultsb)The establishment of budgets relating the responsibilities of executives to policy requirementsc)The setting of budgets without any comparison to actual resultsd)The establishment of financial policies without budgetsCorrect answer is option 'B'. Can you explain this answer?
Question Description
According to the Institute of Cost and Management Accountants (CIMA), how is budgetary control defined?a)The continuous comparison of actual results with budgeted resultsb)The establishment of budgets relating the responsibilities of executives to policy requirementsc)The setting of budgets without any comparison to actual resultsd)The establishment of financial policies without budgetsCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about According to the Institute of Cost and Management Accountants (CIMA), how is budgetary control defined?a)The continuous comparison of actual results with budgeted resultsb)The establishment of budgets relating the responsibilities of executives to policy requirementsc)The setting of budgets without any comparison to actual resultsd)The establishment of financial policies without budgetsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to the Institute of Cost and Management Accountants (CIMA), how is budgetary control defined?a)The continuous comparison of actual results with budgeted resultsb)The establishment of budgets relating the responsibilities of executives to policy requirementsc)The setting of budgets without any comparison to actual resultsd)The establishment of financial policies without budgetsCorrect answer is option 'B'. Can you explain this answer?.
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