TAILIEUCHUNG - Lecture Budgeting - Chapter 8: Performance reports

Performance reports is a detailed statement that measures the results of some activity in terms of its success over a specific time frame. For example, an annual performance report might be produced for each employee of a business, or such a report might help management assess the success of a project or product and how well budgetary constraints were adhered to. This chapter will help students understand responsibility accounting and objective of responsibility accounting. | Chapter 8 Performance reports 8- Performance reports Responsibility accounting: A management accounting system that encourages individuals to work together towards the achievement of organisational goals. Performance reports: A yardstick which compares actual results with the budget. 8- Responsibility accounting Where each division, branch or other sub-unit is known as a responsibility centre, the manager of which is accountable for the performance of the sub-unit. Responsibility centers: Cost centre Revenue centre Profit centre Investment centre 8- Performance reports show any variance that may arise when actual figures are compared with budget figures. Favourable variance (F) means that actual income is >budgeted income or actual cost is budgeted cost. 8- Significant variances (exceed an acceptable limit) are investigated by the manager of the organisational .

• Kế toán - Kiểm toán
• Lecture Budgeting
• Budgeting fundamentals
• Revenue budgets
• Business strategy
• Performance reports
• Responsibility accounting
• Planning cycle
• Budget processes
• Master budget
• 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
• 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