Which of the following is not a feature of budgetary control?

The correct answer is D. A statement of budget and forecasts.

Budgetary control is a process that helps managers to set goals, track progress, and make adjustments as needed. It is a tool for management control, an instrument of delegation and authority, and an instrument for evaluating the overall performance.

A statement of budget and forecasts is a document that outlines the organization’s financial goals for the upcoming period. It is not a feature of budgetary control, as it is not used to track progress or make adjustments.

Here is a brief explanation of each option:

• A tool for management control: Budgetary control is a tool that managers can use to set goals, track progress, and make adjustments as needed. It can help managers to ensure that the organization is on track to meet its financial goals.
• An instrument of delegation and authority: Budgetary control can be used to delegate authority and responsibility to employees. This can help to improve efficiency and effectiveness, as employees will be more likely to take ownership of their work.
• An instrument for evaluating the overall performance: Budgetary control can be used to evaluate the overall performance of the organization. This can help managers to identify areas where improvement is needed.
• A statement of budget and forecasts: A statement of budget and forecasts is a document that outlines the organization’s financial goals for the upcoming period. It is not a feature of budgetary control, as it is not used to track progress or make adjustments.