소개글
Chapter 9. Budgetary Planning에 대한 자료입니다.
목차
1.Budgeting Basics
2.Preparing the operating budgets
3.Preparing the financial budgets
4.Budgeting in nonmanufacturing companies
본문내용
1.Budgeting Basics
What is a budget?
Primary benefits of budgeting
-Requires management to plan ahead and to formalize goals
-Provides definite objectives
-Creates an early warning system
-Facilitates the coordination of activities
-Results in greater management awareness
-Motivates personnel
The master budget is a set of interrelated budgets that constitutes a plan of action for a specified time period.
↓
Operating budget
Financial budget
Sales budget
Production budget
Direct materials budget
Direct labor budget
Manufacturing overhead budget
Selling and administrative expense budget
Capital expenditure budget
Cash budget
Budgeted balance sheet
The cash budget shows anticipated cash flows
↓
Cash receipts section
Cash disbursements section
Financing section
The budgeted balance sheet is a projection of financial position at the end of the budget period
Budgeted balance sheet
for the preceding year
+
Budgets for the
current year
=Budgeted balance sheet
for the current year
Budgets are also used by merchandisers, service enterprises, and not-profit organizations
Merchandiser
Difference between master budget of a merchandiser and a manufacturer are
Merchandiser uses a merchandise purchases budget instead of a production budget
Merchandiser does not use the manufacturing budgets (direct materials, direct labor, and manufacturing overhead)
The merchandise purchases budget shows the estimated cost of goods to be purchased to meet expected sales