The Review and Follow-up Process Key to Effective Budgetary Control

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Abstract
This article draws from the research finding that the effectiveness of management control systems is influenced more by the manner of administration of the systems than by greater sophistication in their design. In particular, the process of review and follow-up of actual corporate performance in relation to the budget is identified as one of the prime determinants of effectiveness. Guidelines for ensuring an effective review and follow-up process are suggested.

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