Filing is the core of records management. Only a good filing system ensures systematic preservation of various types of relevant information. Advantages of good filing system An efficient or good filling system provides the following advantages. 1. Efficiency: The office staff can easily locate
Understanding Filing Filing is a form of record keeping. Documents are filed in such away that they may be available whenever required. This is the main purpose of record keeping. A large number of records can not be preserved and handled without proper arrangement.
Budgetary control is used as a tool of management control and derives some benefits. Even though, there are some disadvantages or limitations also. They are listed below. Disadvantages or Limitations of Budgetary Control 1. The budgets are prepared on the basis of estimates. If
Essentials of effective budgetary control (or) Preliminaries for the adoption of budgetary control system are listed below. Essential elements of effective budgetary control 1. Support of Top Management: Generally budgets are prepared for one year. On the basis of the budgets, the employees are
The very objective of budgetary control is the allocation of responsibility with budgeted figures and develops a basis for the measurement of performance to find the efficiency of business operation. General objectives of budgetary control The general objectives of the budgetary control are presented