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What is 'Accounting Control'. Accounting control is the methods and procedures that are implemented by a firm to help ensure the validity and accuracy of its own financial statements. The accounting controls do not ensure compliance with laws and regulations, but rather are designed to help a company comply. Next Up.
A budget is prepared for the effective utilization of resources. Meaning of budgetary control: Every business firms have main objective to maximize the profits and to minimize the cost. Discuss budgetary control as a technique of cost control. Planning of different firms depends upon so many factors.