TAILIEUCHUNG - Lecture Cost management: A strategic emphasis (6/e): Chapter 10 – Blocher, Stout, Juras, Cokins

Chapter 10 - Strategy and the master budget. In this chapter, the learning objectives are: Describe the role of budgets in the overall management process, discuss the importance of strategy and its role in the master budgeting process, outline the budgeting process, prepare a master budget and explain the interrelationships among its supporting schedules,. | Strategy and the Master Budget Chapter Ten McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. 10-2 Describe the role of budgets in the overall management process Discuss the importance of strategy and its role in the master budgeting process Outline the budgeting process Prepare a master budget and explain the interrelationships among its supporting schedules Learning Objectives 10-3 Learning Objectives (continued) Deal with uncertainty in the budgeting process Identify unique characteristics of budgeting for service companies Understand alternative approaches to budgeting (viz., zero-base, activity-based, time-driven activity-based, and Kaizen budgeting) Discuss various behavioral considerations in budgeting 10-4 A budget: is a financial or nonfinancial expression of a plan of action for a specified period identifies the resources and commitments required to achieve the organization’s goals for an upcoming period Budgeting: The process of preparing a budget (or set of budgets) is called budgeting Basic Terminology 10-5 The starting point in the budget-preparation process is specification of the organization’s strategy The organization’s long-range plan identifies required actions over a 5- to 10-year period to attain the organization’s strategic goal(s) An organization expresses its strategic goals and long-term objectives in its capital budget and master budget Strategic budget expenditures represent a special class of capital budgeting proposals, that is, those that lead to long-term value and competitive advantage by the organization Strategy and the Master Budget 10-6 Budget Committee Budget Period Budget Guideline Negotiation, Review, and Approval Revision The Budgeting Process 10-7 The Master Budget Represents the “grand plan of action” for an upcoming period Translates the organization’s short-term objectives into action steps Culminates in the preparation of a set of pro-forma financial statements Communicates to .

• Quản trị kinh doanh
• Budgeting process
• Cost management
• Cost systems
• Operational performance measurement
• Strategic performance measurement
• Master budget
• Managerial accounting
• Lecture Managerial accounting
• Process costing
• Standard costing systems
• Capital budgeting
• Capital budgeting decisions
• Principles of accounting
• Financial performance measurement
• Analysis for decision making
• Standard costing
• The budgeting process
• Performance management
• The effect of budgeting process on organizational effectiveness
• Hadiya zone selected government finance organization
• Influence organizational outcomes
• Multiple linear regression models
• Lecture Engineering economy
• Engineering economy
• Bài giảng Kinh tế kỹ thuật
• The capital budgeting process
• Capital financing
• Capital allocation
• Debt capital
• Lecture Management accounting
• Bài giảng Kế toán quản trị
• Management accounting
• Preparing master budget
• Variance analysis cycle
• Budgeting Basics
• nonprofit organizations
• business simulations
• management training
• executive training
• Budgetary planning
• Benefits of budgeting
• Capital budgeting evaluation process
• Cash payback
• Net present value method
• Accounting for business
• Lecture Accounting for business
• System of management
• Formal budgeting process
• Behavioural aspects of budgeting
• Financial budgets
• Participative budgeting reality in the society
• Osing ethnic Kemiren village banyuwangi district
• Ethnometodology study
• The development process
• Glagah Sub district
• Kế toán quản trị
• Financial analysis
• Financial management
• Lecture Introduction to finance
• Financial markets
• Capital budgeting analysis
• Capital budgeting process
• Fundamentals of financial management
• Financial environments
• Estimating cash flows
• Performance standards
• financial products
• financial managers
• fiancial derivatives
• differential equations
• advanced finance
• financial reporting
• process improvement
• Financial accounting
• Financial statement analysis
• Cost concepts
• Capital investment analysis
• Quality management
• Standard cost systems
• Operational budgeting
• Responsibility accounting
• Net Present Value
• Other Investment Criteria
• Profitability Index
• The Average Accounting Return
• Cost allocation
• Cost behavior analysis
• Cost accounting
• Management control systems
• Divisionalized companies
• Strategic cost management
• The changing business environment
• Financial & managerial accounting
• Flexible budgets