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MOD 3 - PLANNING BUDGETING & FORECASTING pG 185- 257, B - DEVELOPING…
MOD 3 -
PLANNING BUDGETING & FORECASTING
pG 185- 257
B - DEVELOPING MASTER BUDGETS
PG 196
IMPACT OF EXTERNAL & INTERNAL FACTORS ON BUDGETS
PG 196
INTERNAL & EXTERNAL FACTORS THAT AFFECT BUSINESS ENVIRONMENTS TABLE 3.2 PG 197
PREPARING OPERATIONAL BUDGETS IN MANUFACTURING ORGANIZATION
PG 198 FIG 3.4
STEP 1 - SALES BUDGET PG 199
supply & demand influence on the sales budget eg 3.3 pg 200
STEP 2 PRODUCTION BUDGET Pg 201
STEP 3 DIRECT MATERIALS COST BUDGET
determining the quantity of direct materials eg 3.4 pg 201
explaining the variance in budgeted & actual costs of raw materials eg 3.5 pg202
STEP 4 DIRECT MANUFACTURING LABOUR COSTS BUDGET pg 202
STEP 5 MANUFACTURING OVERHEAD COSTS BUDGET pg 202
STEP 6 FINISHED GOODS INVENTORY BUDGET pg 202
STEPS 7 COST OF GOOD SOLD BUDGET pg 203
STEP 8 PERIOD COSTS BUDGET pg 02
PREPARING BUDGETS IN NON -MANUFACTURING ORGANIZATION
pg 204
PREPARING FINANCIAL BUDGETS
pg 204
BUDGETED INCOME STATEMENTS pg 204
CASH BUDGET pg205
BUDGETED BALANCE SHEET pg 205
CAPITAL EXPENDITURE BUDGET pg 206
PREPARING BUDGETS FOR VARIOUS DEPT
pg 206
preparing budgets for decentralised org eg 3.6 pg 206
PREPARING FLEXIBLE BUDGETS
pg 206
flexible sales budget eg 3.7 pg 207
A - INTRO TO PLANS , BUDGETS & FORECASTS
PG 187
RELATIONSHIP B/W BUDGETS & STRATEGIC PLANNING
Pg 187
relationship b/w strategic & operational planning table 3.1 pg 188
relationship b/w budgets & strategy fig 3.2 pg 188
ROLES OF OPERATIONAL PLANS,BUDGETS & FORECASTS
pg 189
limiting factors for budgets eg 3.1 pg 190
PURPOSES OF A BUDGET
pg 190
using budgets to allocate scarce resources eg 3.2 pg 191
RELATIONSHIP WITH RESPONSIBILITY ACCOUNTING
pg 192
4 common types of responsibility centres fig 3.3 pg 193
PROFIT CENTRES
INVESTMENT CENTRES
REVENUE CENTRES
COST CENTRES
RESPONSIBILITY ACCOUNTING PG 194
PLANNING & CONTROL
PG 195