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Financing and cost accounting

6.3 Effective budgetary control

 a serious attitude is taken to the system

 clear demarcation between areas of managerial responsibility

 budget targets that are challenging yet achievable

 established data collection, analysis and reporting techniques

 reports aimed at individual managers

 fairly short reporting periods

 timely variance reports

 action being taken to get operations back under control if they are shown to be
out of control.

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