MODERN EDUCATION SOCIETYSTHE D. G. RUPAREL COLLEGE OF ARTS, SCIENCE & COMMERCEMAHIM, MUMBAI-400 016. A PROJECT REPORT ONBUDGET, BUDGETORY CONTROL & FUNCTIONAL BUDGETS w.s.r.t. CAPITAL EXPENDITURE BUDGET WITH EXAMPLES.SUBMITTED BYHIREN ARVIND MAROLIKARM.COM (SEM. I)MC-2030SUBMITTED TOUNIVERSITY OF MUMBAI2014-2015PROJECT GUIDEProf. Dr. (CA) P.D.KAMTHEKAR

MODERN EDUCATION SOCIETYSTHE D. G. RUPAREL COLLEGE OF ARTS, SCIENCE & COMMERCEMAHIM, MUMBAI-400 016.

CERTIFICATEThis is to certify that Mr. HIREN ARVIND MAROLIKAR of M.Com (Business Management/ Accountancy) Semester I (2014-2015) has successfully completed the project on Budget, Budgetary Control & Functional Budgets w.s.r.t. Capital expenditure budget with Examples under the guidance of Prof Dr. (CA) P. D. KAMTHEKAR

Project Guide/Internal Examiner External ExaminerProf. _______________________ Prof. ________________________

Mr. Ravindra Netawate Dr (Mr.) Tushar Desai Course Co-ordinator Principal

Date Seal of the College

ACKNOWLEDGEMENT

I acknowledge the valuable assistance provided by Modern Education Societys The D. G. Ruparel college of Arts, Science & commerce, for two year degree course in M.Com.I specially thank the Principal Dr. (Mr) Tushar Desai for allowing us to use the facilities such as Library, Computer Laboratory, internet etc.I sincerely thank the M.Com Co-ordinator Mr.Ravindra Netawate for guiding us in the right direction to prepare the project. I thank my guide Prof. Dr. (CA) P. D. KAMTHEKAR who has given his valuable time, knowledge and guidance to complete the project successfully in time.My family and peers were great source of inspiration throughout my project, their support is deeply acknowledged. Signature of the Student

DECLARATION

I, HIREN ARVIND MAROLIKAR of THE D. G. RUPAREL COLLEGE OF ARTS, SCIENCE & COMMERCE of M.Com SEMESTER I, hereby declare that I have completed the project on Budget, Budgetory Control & Functional Budgets w.s.r.t. Capital Expenditure Budget with Examples in the academic year 2014-2015.The information submitted is true and original to the best of my knowledge.

Signature of the Student

INDEX

Sr. No.ParticularsPage No.

1.Introduction1.

2.Objective of the Study1.

3.Budget8.

4.Budgetary Control16.

5.Preparation of Budgets24.

6.Approaches to Budgeting 26.

7.Types of Budgets29.

8.Functional Budget33.

9.Capital Expenditure Budget35.

10.Research Methodology

11.Findings, Summary & Conclusion

12.References and Bibliography