An Organisation's Budgetary Control System and Its Link with Performance Management and Decision Making

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ACKNOWLEDGEMENT

I would like to take this chance for thanking my research facilitator, friends & family for support they provided & their belief in me as well as guidance they provided without which I would have never been able to do this research.



DECLARATION

I, (Your name), would like to declare that all contents included in this thesis/dissertation stand for my individual work without any aid, & this thesis/dissertation has not been submitted for any examination at academic as well as professional level previously. It is also representing my very own views & not essentially which are associated with university.

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ABSTRACT

This study examines the role organisation's budgetary control system in success of organization and its relation with performance management and decision making. Budgetary control system is a set of procedures and remedies used with skill and ability, to plan, coordinate and control all functions and operations of a company, in order to get the most effective results with minimal effort. This research aimed to provide realistic information. This study implies secondary methodology, the secondary data will collected from various sources which are academic journals, e-books, newspaper, magazines and trade publications, periodic reports of companies, blogs and government publications, and tries to analyze the role organisation's budgetary control system in success of organization and analyze the relation of organisation's budgetary control system with performance management and decision making. Budgetary Control system of Your Auto parts Company Ltd (UK) is discussed in this study.

Table of Contents

ACKNOWLEDGEMENTII

DECLARATIONIII

ABSTRACTIV

CHAPTER 01: INTRODUCTION1

Background of the Study1

Aims and Objectives of the Study1

Research Questions2

Out line of the Study2

CHAPTE 02: LITERATURE REVIEW4

Budgetary Control System4

Role of Budgets in Organizational Control5

Antecedents of Budget Participation6

Consequences of Budget Participation7

Unresolved Organizational Issues8

Network Theory of Organizations9

Theoretical Model11

Forma and Personal Sources of Power12

CHAPTER 03: RESEARCH METHODOLOGY15

Secondary Research15

Research Design15

Search Technique17

Advantages of Secondary Research18

Disadvantages of Secondary Research18

Inclusion and exclusion criteria18

CHAPTER 04: DISCUSSION AND ANALYSIS20

Budgetary Control system of Your Auto parts Company Ltd (UK)23

CHAPTER 05: CONCLUSOIN26

REFERENCES28

CHAPTER 01: INTRODUCTION

Background of the Study

Budgetary control system is a set of procedures and remedies used with skill and ability, to plan, coordinate and control all functions and operations of a company, in order to get the most effective results with minimal effort. Budgetary control system allows business activities relate to the trend of business in general, and facilitates timely decisions regarding the direction to follow. It increases productivity of the finance function, as directed by the use of capital and the efforts of the administrators for more useful channels, by identifying when and how much money is needed. It allows the use of funding sources in most convenient way. This study examines the role organisation's budgetary control system in success of organization and its relation with performance management and decision making.

Aims and Objectives of the Study

Before starting on the course of the research, a researcher has to decide upon the aims and objectives of the research study, which would help the researcher in conducting the research. The aims and objectives act like a ...