What Is A Budget Manual?

• The administration of budgeting is documented in a budget manual. It contains the purpose of, procedure for and responsibility of the people involved in budgeting.

More details as follows:

• The objectives of the business and the part which budgetary control plays in achieving these objectives;

• The procedures to be adopted in operating the budgetary control system;

• The responsibilities and duties of those connected with the preparation of the budgets;

• The reports and statements required for each budget period;

• The functions of the budget committee and

• The accounts classification to be used.