The Role of Budgetary Control System in Indian Listed Companies

Today, accounting standards play dominant role in order to obtain organizational financial objectives. One of the most significant accounting tools by which the financial targets can be attained is budgetary control system (BCS). Besides preventing activities from going into wrong or undesirable directions, budgetary control can also be used to evaluate activities undertaken to achieve organizational goals. Hence, budgetary control system become one of the most vital and critical area of business management. To implement an effective budgetary control system within an organization some important factors must be considered by the top management. The objective of the current study is to investigate the budgetary control system in Indian listed companies.