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B. FROM TECHNICAL RECAP NOTES (Budgeting (Approaches to Budgeting…
B. FROM TECHNICAL RECAP NOTES
Approaches to Budgeting
Periodic Budgeting
Rolling (Continuous) Budgets
Incremental Budgeting
ZBB
ABB
Fixed vs Flexible
Participation (Imposed vs Participative)
Budgeting
PURPOSES OF BUDGETS
Definition
Purpose of Budgets
Approaches to Budgeting
Periodic Budgeting
Rolling (Continuous) Budgets
Incremental Budgeting
ZBB
ABB
Fixed vs Flexible
Participation (Imposed vs Participative)
Preparation of Budges
Budgetary Control
Feedback Control
Feed Forward Control
Case Study Application
Explain an approach(given) to budgeting and the usefulness of it to an organisation
FORECASTING
High Low Method
Regression Analysis
Equation of a straight line
Correlation
-Correlation Coefficient
-Coefficient of Determination
Problems
Time Series Analysis
Time Series
-The Trend
-Seasonal Variations
-Cyclical Variations
-REsidual Variations
Benefits & Drawbacks
Case Study Application