How could managers use the annual report figures to measure budget control success
How could managers use the annual report figures to measure budget control success
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Answer:
The Annual report figures presents performance of the company in the last year, Annual report figures shows actual costs and revenues, Annual report figures can be used as a basis for comparison between actual costs and revenues with budgeted costs and revenues.
The annual report figues can be used by managers as a tool , which helps then in analysing which deparments meets their budget targets and which departments requires improvement.This will lead to budget control success.
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How could managers use the annual report figures to measure
budget control success
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