财务预算管理(英文版)
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C. It ensures that accounting records comply with generally accepted accounting principles.
D. It provides benchmarks for evaluating subsequent performance.
A) operational budgeting.
B) zero-based budgeting.
C) continuous budgeting.
D) responsibility accounting.
Zero-Base Budgeting
Managers are required to justify all budgeted expenditures, not just changes in the budget from the previous year. The baseline is zero rather than last year’s budget.
Middle Management
Middle Management
Supervisor Supervisor Supervisor Supervisor
Flow of Budget Data
The Budget Committee
A standing committee responsible for
A)
responsibility accounting.
B)
contribution accounting.
C)
absorption accounting.
D)
operational budgeting.
Choosing the Budget Period
Operating Budget
1999
2000
overall policy matters relating to the budget coordinating the preparation of the budget
A method of budgeting in which the cost of each program must be justified every year is called:
This budget is usually a twelve-month budget that rolls forward one month as the current month is completed.
2002
Participative Budget System
Top Management
Uncover potential bottlenecks
Responsibility Accounting
Managers should be held responsible for those items — and only those items — that
the manager can actually control to a significant extent.
Advantages of Budgeting
Communicating plans
Define goal and objectives
Think about and plan for the future
Coordinate activities
Advantages
Means of allocating resources
Which of the following is not a benefit of budgeting?
A. It uncovers potential bottlenecks before they occur.
B. It coordinates the activities of the entire organization by integrating the plans and objectives of the various parts.
Fairmont Inc. uses an accounting system that charges costs to the manager who has been delegated the authority to make decisions concerning the costs. For example, if the sales manager accepts a rush order that will result in higher than normal manufacturing costs, these additional costs are charged to the sales manager because the authority to accept or decline the rush order was given to the sales manager. This type of accounting system is known as:
财务预算管理(英文版)
Planning and Control
❖ Planning -involves developing objectives and preparing various budgets to achieve these objectives.
பைடு நூலகம்
❖ Control -involves the steps taken by management that attempt to ensure the objectives are attained.
2001
The annual operating budget may be divided into quarterly
or monthly budgets.
2002
Choosing the Budget Period
Continuous or Perpetual Budget
1999
2000
2001
D. It provides benchmarks for evaluating subsequent performance.
A) operational budgeting.
B) zero-based budgeting.
C) continuous budgeting.
D) responsibility accounting.
Zero-Base Budgeting
Managers are required to justify all budgeted expenditures, not just changes in the budget from the previous year. The baseline is zero rather than last year’s budget.
Middle Management
Middle Management
Supervisor Supervisor Supervisor Supervisor
Flow of Budget Data
The Budget Committee
A standing committee responsible for
A)
responsibility accounting.
B)
contribution accounting.
C)
absorption accounting.
D)
operational budgeting.
Choosing the Budget Period
Operating Budget
1999
2000
overall policy matters relating to the budget coordinating the preparation of the budget
A method of budgeting in which the cost of each program must be justified every year is called:
This budget is usually a twelve-month budget that rolls forward one month as the current month is completed.
2002
Participative Budget System
Top Management
Uncover potential bottlenecks
Responsibility Accounting
Managers should be held responsible for those items — and only those items — that
the manager can actually control to a significant extent.
Advantages of Budgeting
Communicating plans
Define goal and objectives
Think about and plan for the future
Coordinate activities
Advantages
Means of allocating resources
Which of the following is not a benefit of budgeting?
A. It uncovers potential bottlenecks before they occur.
B. It coordinates the activities of the entire organization by integrating the plans and objectives of the various parts.
Fairmont Inc. uses an accounting system that charges costs to the manager who has been delegated the authority to make decisions concerning the costs. For example, if the sales manager accepts a rush order that will result in higher than normal manufacturing costs, these additional costs are charged to the sales manager because the authority to accept or decline the rush order was given to the sales manager. This type of accounting system is known as:
财务预算管理(英文版)
Planning and Control
❖ Planning -involves developing objectives and preparing various budgets to achieve these objectives.
பைடு நூலகம்
❖ Control -involves the steps taken by management that attempt to ensure the objectives are attained.
2001
The annual operating budget may be divided into quarterly
or monthly budgets.
2002
Choosing the Budget Period
Continuous or Perpetual Budget
1999
2000
2001