Morgan Ltd. A family established manufacturing company which operates in South Wales. According to this company’s policy the responsibility of controlling of all the production functions or sales or purchases are done by the product manager of that line. Sales and distribution is managed by the sales department. But this is possible when the manufacturing products by the company are limited but when the company’s services and products goes increases it is not possible to handle the account of the company. Because of increasing the complexity the formal methods of accounting will not work and need accounting control and budgeting reporting system to take care of the process. (AlnoorBhimani et al, 2008)
The senior manager of the company who has developed the system for accounting was used by the family to control the account for the coming year but to specify the budgets and review the progress it was needed to have the budgetary performance reports system or need of the budgetary performance for the company. (LokmanMiaet al, 2001)For which the family member then submit the work to the manager to report as budgetary performance of the company that should be present in the review meeting by next week. (Judy S.L Tsui , 2001) For the performance reports the budgetary control management.