Summer Training Report

On

Budgeting Control System

Completed In

ICAR

Submitted In Partial Fulfillment

Of the Requirement

Of Master of Business Administration

Corporate Mentor: Submitted By:

SK GUPTA ARCHANA RAJORA

Finance and Account Officer 01461203912

ICAR

2012 – 2014

Submitted To

Banarsidas Chandiwala Institute of Professional Studies, Dwarka, New Delhi

(Affiliated to Guru Gobind Singh Indraprastha University

This page is meant for ‘CERTIFICATE FROM THE

ORGANIZATION’

BONAFIDE CERTIFICATE

This is to certify that as per best of my belief the project entitled “BUDGETING

CONTROL SYSTEM” is the bonafide research work carried out by Archana Rajora

student of MBA, BCIPS, Dwarka, New Delhi during June-July 2013, in partial fulfillment of

the requirements for the Summer Training Project of the Degree of Master Of Business

Administration. She has worked under my guidance

Dr. Aarti loomba

Project Guide (Internal)

Date:

Dr. SatishTaneja

Director

Date:

DECLARATION

I hereby declare that this Project Report titled “BUDGETING CONTROL SYSTEM”

submitted by me to Banarsidas Chandiwala Institute of Professional Studies, Dwarka is a

bonafide work undertaken during the period from 10th June, 2013 to 26th July, 2013 by me

and has not been submitted to any other University or Institution for the award of any degree

diploma/certificate or published any time before.

Archana Rajora Date: / /2013

01461203912

ACKNOWLEDGEMENT

It is my pleasure to be indebted to various people, who directly or indirectly contributed in

the development of this work and who influenced my thinking, behavior and acts during the

course of study.

I am thankful to Dr. Aarti loomba for her support, cooperation and motivation provided to

me throughout my project for constant inspiration, presence and blessings.

I also extend my sincere appreciation to who provided his valuable suggestions and precious

time in accomplishing my project report.

Lastly, I would like to thank the almighty and my parents for their moral support and my

friends with whom I shared my day-to-day experience and received lots of suggestions that

improved my quality of work.

Archana Rajora

01461203912

INDEX

SL NO PARTICULAR PAGE NO

1 Company Profile 1-5

2 Introduction to Budgetary Control 6-16

3 Review of Literature 17-20

4 Objective Of the Study 21-22

5 Research methodology 23-25

6 Data Collection and analysis 26-37

7 Findings 38-39

8 Conclusions 40-41

9 Recommendation 42-43

10 Bibliography 44-46

EXECUTIVE SUMMARY

This project is based on the budgeting control system of ICAR Company. In this project

I have observed that how ICAR control their budget what all techniques they used in order

to forecast the budget. Highlighting of key areas where action needs to be taken by the

company is also observed.

As the budget is playing an important role in any organization which helps to compare the

actual performance with the budgeted performance .The concept of the Budget and way of

adaptability, which creates new challenges to industrial sector for surviving in this current

competitive edge. It indicates the progress of the concern by way of its sales or profit,

market shares, process of the concern etc.

The study was conducted with the help of both secondary data and primary data various

magazines of ICAR company was seen in order to see the budget and analyze the budget.

The study will help the company to know the key areas that need management’ attention.

The analysis will be of great help to the company in improving its budgetary control

system.