TAILIEUCHUNG - Lecture Managerial accounting (15/e): Chapter 8 - Garrison, Noreen, Brewer

Chapter 8 - Master budgeting. After studying Chapter 8, you should be able to: Understand why organizations budget and the processes they use to create budgets; prepare a sales budget, including a schedule of expected cash collections; prepare a production budget; prepare a direct materials budget, including a schedule of expected cash disbursements for purchases of materials;. | Master Budgeting Chapter 8 The Basic Framework of Budgeting A budget is a detailed quantitative plan for acquiring and using financial and other resources over a specified forthcoming time period. The act of preparing a budget is called budgeting. The use of budgets to control an organization’s activities is known as budgetary control. Difference Between Planning and Control Planning – involves developing objectives and preparing various budgets to achieve those objectives. Control – involves the steps taken by management to increase the likelihood that the objectives set down while planning are attained and that all parts of the organization are working together toward that goal. Advantages of Budgeting Advantages Define goals and objectives Uncover potential bottlenecks Coordinate activities Communicate plans Means of allocating resources Responsibility Accounting Managers should be held responsible for those items - and only those items - that they can actually control to a .

• Kế toán - Kiểm toán
• Managerial accounting
• Lecture Managerial accounting
• Financial statement
• Master budgeting
• Advantages of budgeting
• Responsibility accounting
• 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
• Process costing
• Standard costing systems
• Accounting information
• Managerial decision
• Process management
• 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