Open budget and Cost Control, Monitoring and Accounting

Ali Naser Alwan

Abstract: Role of budget open budget and cost control is described and analysed within illustrative examples for making decisions. As budget is the base for the future so it gives the future prospects for cost ascertained and maintained. This paper shows the calculated impact of budget on cost control through imaginary illustrations and figures, it also proposed the importance of budget as a tool for controlling cost

Keywords: Cost control, Open budget, Accounting, Monitoring, Cost accounting