TAILIEUCHUNG - Lecture Budgeting - Chapter 1: Budgeting fundamentals

Lecture Budgeting - Chapter 1: Budgeting fundamentals. In this chapter, you will learn: Describe budgeting and its potential benefits, define the master budget and discuss its components, illustrate the development of the operating budget, demonstrate the creation of the cash flow and capital use budgets, discuss the preparation of pro forma financial statements. | Available NOW at your campus bookstore! This is the prescribed textbook for your course. 1- Chapter 1 Budgeting fundamentals 1- Budgeting fundamentals Budgeting is the process used to develop: A formal written statement Of managements plans for the future Expressed in financial terms 1- Types of plans Long term: 5 to 10 years Medium term: 1 to 5 years Short term: up to 1 year 1- The planning cycle Comparison of actual results to budget variance Budgets Performance Budgets are the mechanism by which management control of an organisation becomes possible. Revise Plan Action Results Remedy 1- Comparison of actual results to budget gives variance Benefits of budgets Forces managers to do planning. Realistic performance targets. Basis for controlling what happens within the organisation. Helps coordinate the activities of the various centres that make up the business. Communication – managers exchange information on ideas, etc. Motivating tool – if the process .

• Kế toán - Kiểm toán
• Lecture Budgeting
• Budgeting fundamentals
• Revenue budgets
• Planning cycle
• Budget processes
• Master budget
• Business strategy
• Purpose of budgets
• Behavioral aspects of budgeting
• Operating budgets
• Purchases budget
• Cash budgets
• Cash receipts budget
• Budgeted financial statements
• Cash flow statement
• Product costs
• Flexible budgets
• Static budget
• Performance reports
• Responsibility accounting
• Managerial accounting
• Lecture Managerial accounting
• Process costing
• Standard costing systems
• Capital budgeting
• Capital budgeting decisions
• Global finance
• Global financial management
• Lecture Global financial management
• Global valuation
• Capital budgeting formulas
• Managerial finance
• Lecture Managerial finance
• Financial statements
• Basics of capital budgeting
• Evaluating cash flows
• Accounting for Governmental
• Nonprofit entities
• Performance measurement
• Budgeting approaches
• Performance budgeting
• Budgeting governmental
• Multinational financial management
• Financial management
• Lecture Multinational financial management
• Multinational capital budgeting
• Capital budgeting analysis
• International project
• Financial statement
• Profitability analysis
• Cash flows
• Budgetary planning
• Benefits of budgeting
• Budgeting process
• Capital budgeting evaluation process
• Cash payback
• Net present value method
• International financial management
• Quản lý tài chính quốc tế
• Lecture International financial management
• Initial investment
• Managerial decisions
• Managerial decision scenarios
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Accounting for business
• Lecture Accounting for business
• System of management
• Formal budgeting process
• Behavioural aspects of budgeting
• Financial budgets
• Managerial accounting for managers
• Time value of money