北美GRE范文精讲【1-7】3.pdf

文档介绍：Profit Planning
Chapter9
The Basic Framework of Budgeting
Detail
Budget
Detail
Budget
Detail
Budget
Master
Budget
Summary of
pany’s
plans.
Sales
Production
Materials
Planning and Control
Planning -- involves developing objectives and preparing various budgets to achieve these objectives.
Control -- involves the steps taken by management that attempt to ensure the objectives are attained.
Advantages of Budgeting
Advantages
Communicating
plans
Think about and
plan for the future
Means of allocating
resources
Uncover potential
bottlenecks
Coordinate
activities
Define goal
and objectives
Responsibility Accounting
Managers should be held responsible for those items — and only those items — thatthe manager can actually controlto a significant extent.
Choosing the Budget Period
Operating Budget
1999
2000
2001
2002
The annual operating budget
may be divided into quarterly
or monthly budgets.
Choosing the Budget Period
1999
2000
2001
2002
Continuous or
Perpetual Budget
This budget is usually a twelve-month
budget that rolls forward one month
as the current month pleted.
Participative Budget System
Flow of Budget Data
The mittee
A mittee responsible for
overall policy matters relating to the budget
coordinating the preparation of the budget
The Master Budget
Sales
Budget
Selling and
Administrative
Budget