THE IMPLICATIONS OF BUDGETARY CONTROL IN BUSINESS PERFORMANCE ANALYSIS

The article presents the role of budgetary control in the detection and analysis of deviations from the budget, by comparing the results with the expected situation. The specialized literature presents several models for the analysis of deviations from budgeted values. Budgetary management of the company includes all the levels of management, the company’s goals and also goals achievement. Budgeting involves management responsibilities, and approval of the budget allows to accomplish all the activities included. The company's budget system and budget execution control should lead to increased business performance and saving available resources.