Put this in a letter report, outlining your plan for establishing a budgetary control system, making certain to include how each component of the system will benefit the overall financial health of the company to Don and other management teams. Complete sentences add as needed. problems and necessary budgets,

A. Even after record sales in the month, cash shortage has been noticed and there is no adequate money available to run the operations

B. This has been noticed that the company do not have master budget. Every department gives their budget to the CFO. This has been noticed that even after sending the mail to each department, CFO has not received budgets from most of the department

C. Further, this has been noticed that due to proper budgetary control system is not in place, there are issues observed in operations including but not limited to, delay in payment to vendor, lack of cash for payment of dividend etc.

D. This has been felt that company may institute a good budgetary control system for avoiding all issues as referred above.

Herein, we have been listing brief meaning of budgetary control mechanism, its various objectives and characteristic for consideration of management