财务管理预算分析报告(英文版)

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
A)
responsibility accounting.
B)
contribution accounting.
C)
absorption accounting.
D)
operational budgeting.
Choosing the Budget Period
Operating Budget
1999
2000
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.
overall policy matters பைடு நூலகம்elating 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:
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.
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
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.
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:
objectives of the various parts. C. It ensures that accounting records comply with generally accepted accounting
principles. D. It provides benchmarks for evaluating subsequent performance.
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
Advantages of Budgeting
Communicating plans
Define goal and objectives
Think about and plan for the future
Coordinate activities
Advantages
Means of allocating resources
Middle Management
Middle Management
Supervisor Supervisor Supervisor Supervisor
Flow of Budget Data
The Budget Committee
A standing committee responsible for