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Explain budgetary control principles

You need to answer following questions to get satisfactory grades for this assessment activity. Make sure to answer all task in all assessments activities to get overall competent results.

Task 1.1

• What is a budget? • What are different types of budgets?

• Explain budgetary control principles?

Task 1.2 It is very important to discuss the budget with colleagues and peers to determine and confirm scope and nature of budgetary planning, do you agree discuss. (PC-1.1)

Task 1.3 You are given the following information for Hyped up research service for the coming financial year 2017. Prepare annual budgeted expense for coming year 2016 (PC 1.2)

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