Question: what are the requirements of a good budgetary control system?
Answer: The following points highlight the seven requisites for making a successful budgetary control system, i.e, (1) Clarifying Objectives, (2) Proper Delegation of Authority and Responsibility, (3) Proper Communication System, (4) Budget Education, (5) Participation of All Employees, (6) Flexibility, and (7) Motivation.