 These are planning and decision-making processes which are not strictly part of the traditional budgetary control system.Such a new budget system would show summary figures of sales, costs, profits and cash flow, which enables managers to review the financial outlook of the business without being constrained by the corporate financial year used for the annual reporting cycle.This removing of the traditional budget process must be accompanied by the removal of fixed performance contracts and therefore organizations are able to change the attitudes and behaviors of people at every level of the organization, incl.