TAILIEUCHUNG - Lecture Managerial accounting - Chapter 5: Planning and forecasting

Lecture Managerial accounting - Chapter 5: Planning and forecasting. After studying this chapter you will be able to understand: planning and the budgeting process, performance standards, pro-forma financial statements. | CHAPTER © jsnyderdesign / iStockphoto 5 PLANNING AND FORECASTING WHAT IS THE FUTURE FOR C&C? Cash flow has been a problem. Is $7,000 in cash enough to operate on? C&C has borrowed money to finance operations An increase in award jacket sales may be the answer to more cash C&C’s president, George Douglas, wants to decrease inventory levels, but he is concerned that customer satisfaction will be affected PLANNING AND THE BUDGETING PROCESS Unit 5 1 . Unit Unit Unit © Tomwang112 / iStockphoto Unit WHAT IS A BUDGET? An operating plan expressed in dollars Shows how resources will be committed during the coming period Helps plan for the future Communicates corporate direction and coordinates corporate efforts THE ROLES OF BUDGETING Exhibit 5-1 5 BUDGETING INFORMATION FLOWS Exhibit 5-2 6 TOP-DOWN BUDGETS: ADVANTAGES Increase probability that the organization’s strategic plans will be incorporated in planned activities Enhance coordination among divisional plans and .

• Kế toán - Kiểm toán
• Managerial accounting
• Lecture Managerial accounting
• Process costing
• Standard costing systems
• Budgeting process
• Performance standards
• Managerial accounting for managers
• Profitability analysis
• Decision making
• Operations management majors
• Nonmanufacturing costs
• Classifications of costs
• Kế toán quản trị
• Managerial accounting information
• General cost classifi cations
• Product costs
• Accounting information
• Managerial decision
• Process management
• Financial statement
• Cost concepts
• Managerial accounting basics
• Managerial cost
• Period costs
• Lecture Financial and managerial accounting
• Financial statements
• Managerial decisions
• Financial accounting
• Dynamic business environment
• Reporting manufacturing activities
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Relevant costing
• Accounting activities
• Business activities
• Income statement
• Accounting cycle
• Accounting for merchandising operations
• Merchandising operations
• Capital budgeting decisions
• Time value of money
• Income taxes
• After tax cost