Paper 1 OCTOBER/NOVEMBER SESSION 2002 Accounting (9706/12) A Level

Which are advantages of a budgetary control system?
1 Budgets help to prepare year-end financial statements.
2 Budgets may be set at easily achievable levels to make the business appear more efficient.
3 Managers become responsible for implementing their department’s budget.
4 Where budget targets are not met, corrective action is taken.