Budget and Budgetary Control – Part 1 By Pastor J. A. Adeyokunnu

All churches need to manage their financial performance so that their visions and missions’ objectives are achieved. The Important Characteristic Of Budgetary Control Are: • Planning of activities of each church and preparing the budgets. • Communicating and agreeing to budgets with all concerned in the church. • Recording of actual performance having an accounting […]

Budget And Budgetary Control Part 1 By Pastor J. A. Adeyokunnu

According to George R. Terry, “Budget is an estimate of future needs, arranged to an orderly basis, covering some or all of the activities of an enterprise for a definite period of time”. In the words of Professor Larders, “the essence of a budget is a detailed plan of preparations for some specified future period, […]