使用達到的預(yù)算組織目標(biāo)ppt58(已修改)
2025-01-23 12:36 本頁面
【正文】 Using Budgets to Achieve Organizational Objectives Chapter 11 Learning Objective 1 Identify the primary role of budgets and budgeting in anizations. CapacityRelated and Flexible Resources ?What are flexible costs? ?They are costs that vary with the activity level in the anization. ?What are mitted costs? ?They are costs that do not change with changes in activity level. ?The budgetary process determines the level of most mitted costs. Planning and Control and the Role of Budgets ?What is a budget? ?It is a quantitative expression of the money inflows and outflows that reveals whether a financial plan will meet anizational objectives. ?What is budgeting? ?It is the process of preparing budgets. Planning and Control and the Role of Budgets ?Budgets are a central part of the design and operation of management accounting systems. ?Budgets also provide a way to municate the anization’s shortterm goals to its members. ?Budgeting serves to coordinate the anization’s activities. Planning and Control and the Role of Budgets ?Budgeting is a tool that forces coordination of the anization’s activities and helps identify coordination problems. ?Budgets are prepared for specific time periods. ?Differences between actual results and the budget plan are called variances. Planning and Control and the Role of Budgets Identify Organization Objectives and ShortTerm Goals Develop LongTerm Strategy and ShortTerm Plans Develop Master Budget Measure and Assess Performance Reevaluate Objectives, Goals, Strategy, and Plans Planning Control Planning and Control and the Role of Budgets ?Budgeting involves forecasting the demand for three types of resources. u Flexible resources that give rise to variable costs u Intermediateterm capacity resources that give rise to capacityrelated costs u Longterm capacity resources that give rise to capacityrelated costs Learning Objective 2 Demonstrate the importance of each element of the budgeting process. Budgeting ?The budgeting process describes the broad activities performed during the budget period. ?Planners can select any budget period, but usually choose one year. Elements of Budgeting 1. Organization Goals 3. Capital Spending Plan 2. Sales Plan 5. Production Plan 8. Labor Hiring and Training Plan 10. Expected Financial Results 4. Inventory Policy 6. Productive Capacity 7. Materials Purchasing Plan 9. Administrative and Discretionary Spending Plan 11. Statement of Expected Cash Flows 12. Projected Financial Statements Learning Objective 3 Explain the different types of operating budgets and finan
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