Important Points for IC 26 - Life Insurance Finance Exam
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Budgetary Controller controls and manages the budget on timely basis.
Sales budget is expressed in terms of number of units and expected revenue.
Maintaining of inventory levels in each budget period are essential.
Cash budget shows the inflows and outflows of cash in the organization, and hence is an important budget for the organization.
Master budget gives out a complete list of aims of the organization.
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