TAILIEUCHUNG - Lecture Fundamentals of cost accounting (4th edition): Chapter 13 - Lanen, Anderson, Maher

(BQ) Chapter 13 - Planning and budgeting. Budgeting is necessary for success. In Chapter 13 we discuss the planning purpose of the budgeting process. We show how a master budget is developed and how it fits into the overall plan for achieving the organizational goals. | © 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part. Fundamentals of Cost Accounting, 4th edition Lanen/Anderson/Maher Planning and Budgeting Chapter 13 Budgeting is necessary for success. In Chapter 13 we discuss the planning purpose of the budgeting process. We show how a master budget is developed and how it fits into the overall plan for achieving the organizational goals. Learning Objectives LO 13-1 Understand the role of budgets in overall organization plans. LO 13-2 Understand the importance of people in the budgeting process. LO 13-3 Estimate sales. LO 13-4 Develop production and cost budgets. LO 13-5 Estimate cash flows. LO 13-6 Develop budgeted financial statements. LO 13-7 Explain budgeting in merchandising and service organizations. LO 13-8 Explain why ethical issues arise in budgeting. LO 13-9 Explain how to use sensitivity analysis to budget under uncertainty. After completing this chapter you should: 1. Understand the role of budgets in overall organization plans. 2. Understand the importance of people in the budgeting process. 3. Estimate sales. 4. Develop production and cost budgets. 5. Estimate cash flows. 6. Develop budgeted financial statements. 7. Explain budgeting in merchandising and service organizations. 8. Explain why ethical issues arise in budgeting. And 9. Explain how to use sensitivity analysis to budget under uncertainty. Budgets LO 13-1 Understand the role of budgets in overall organization plans. We focus on the planning purpose of the budgeting process. For our purposes here, a budget is simply the plan, stated in financial terms, of how the organization expects to carry out its activities and meet the financial goals established in the planning process. We show how a master budget is developed and how it fits

• Kế toán - Kiểm toán
• Cost accounting
• Fundamentals of cost accounting
• Cost analysis
• Cost management systems
• Management control systems
• Master budget
• Decision making
• Cost concepts and behavior
• Cost volume profit analysis
• Cost estimation
• Fundamentals of product
• Ebook Management and cost accounting
• Management and cost accounting
• Management accounting
• Cost assignment
• Process costing
• Value chain
• Costs for decision making
• Cost versus expenses
• Cost management
• Principles of cost accounting
• Accounting for materials
• Accounting for labor
• Factory overhead
• Process cost accounting
• Accounting income
• Divisional income
• Ebook Cost accounting
• Organizational cost flows
• Activity based cost systems for management
• Job order costing
• Joint cost allocation
• Service costing
• Service department