财务管理-预算(26页PPT).pptx

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1、Work of Management PlanningControllingDirecting and Motivating第一页，编辑于星期二：九点 三十三分。Planning and ControllPlanning-involves developing objectives and preparing various budgets to achieve these objectives.lControl-involves the steps taken by management that attempt to ensure the objectives are attained.第

2、二页，编辑于星期二：九点 三十三分。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.C.It ensures that accounting records comply with generally accepted accounting principles.D.It provides benc

3、hmarks for evaluating subsequent performance.Which of the following is not a benefit of budgeting?第三页，编辑于星期二：九点 三十三分。Advantages of BudgetingAdvantagesCommunicatingplansThink about andplan for the futureMeans of allocatingresourcesUncover potentialbottlenecksCoordinateactivitiesDefine goaland objecti

4、ves第四页，编辑于星期二：九点 三十三分。Responsibility Accounting Managers should be held responsible for those items and only those items thatthe manager can actually controlto a significant extent.第五页，编辑于星期二：九点 三十三分。Fairmont Inc.uses an accounting system that charges costs to the manager who has been delegated the

5、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 m

6、anager.This type of accounting system is known as:A)responsibility accounting.B)contribution accounting.C)absorption accounting.D)operational budgeting.第六页，编辑于星期二：九点 三十三分。Choosing the Budget PeriodOperating BudgetOperating Budget1999200020012002The annual operating budget may be divided into quarter

7、lyor monthly budgets.第七页，编辑于星期二：九点 三十三分。Choosing the Budget Period1999200020012002Continuous or Continuous or Perpetual BudgetPerpetual BudgetThis budget is usually a twelve-month budget that rolls forward one month as the current month is completed.第八页，编辑于星期二：九点 三十三分。Participative Budget SystemFlow

8、 of Budget Data第九页，编辑于星期二：九点 三十三分。The Budget CommitteeA standing committee responsible for voverall policy matters relating to the budgetvcoordinating the preparation of the budget第十页，编辑于星期二：九点 三十三分。A method of budgeting in which the cost of each program must be justified every year is called:A)oper

9、ational budgeting.B)zero-based budgeting.C)continuous budgeting.D)responsibility accounting.第十一页，编辑于星期二：九点 三十三分。Zero-Base BudgetingManagers are required to justify all budgeted expenditures,not just changes in the budget from the previous year.The baseline is zero rather than last years budget.第十二页，

10、编辑于星期二：九点 三十三分。第十三页，编辑于星期二：九点 三十三分。Parlee Companys sales are 30%in cash and 70%on credit.Sixty percent of the credit sales are collected in the month of sale,25%in the month following sale,and 12%in the second month following sale.The remainder are uncollectible.The following are budgeted sales data

11、:Total sales:January$60,000February$70,000March$50,000April$30,000Total cash receipts in April would be budgeted to be:A)$38,900.B)$47,900.C)$27,230.D)$36,230.第十四页，编辑于星期二：九点 三十三分。Modesto Company produces and sells Product AlphaB.To guard against stockouts,the company requires that 20%of the next mon

12、ths sales be on hand at the end of each month.Budgeted sales of Product AlphaB over the next four months are:Budgeted sales in units JuneJulyAugustSeptember 30,000 40,000 60,000 50,000Budgeted production for August would be:A)62,000 units.B)70,000 units.C)58,000 units.D)50,000 units.第十五页，编辑于星期二：九点 三

13、十三分。Friden Company has budgeted sales and production over the next quarter as follows:AprilMayJuneSales in units 100,000120,000?Production in units 104,000 128,000 156,000 The company has 20,000 units of product on hand at April 1.A minimum of 20%of the next months sales needs in units must be on ha

14、nd at the end of each month.July sales are expected to be 140,000 units.Budgeted sales for June would be(in units):A)188,000.B)160,000.C)128,000.D)184,000 第十六页，编辑于星期二：九点 三十三分。Marple Companys budgeted production in units and budgeted raw materials purchases over the next three months are given below:

15、JanuaryFebruaryMarchBudgeted production(in units)60,000?100,000Budgeted raw materialspurchases(in kilograms)129,000 165,000 188,000Two kilograms of raw materials are required to produce one unit of product.The company wants raw materials on hand at the end of each month equal to 30%of the following

16、months production needs.The company is expected to have 36,000 kilograms of raw materials on hand on January 1.Budgeted production for February should be:A)105,000 units.B)82,500 units.C)150,000 units.D)75,000 units.第十七页，编辑于星期二：九点 三十三分。第十八页，编辑于星期二：九点 三十三分。Budgets can be defined as:“a quantitative mo

17、del,or summary of the expected consequences of the organizations short-term operating activities.”Management AccountingAtkinson,Banker,Kaplan&YoungWhat is this definition implying?第十九页，编辑于星期二：九点 三十三分。The definition suggests:lAvailability of quantitative data,lPredictability of short-term outcomes,lC

18、lear-cut organizational structures.There is one major logical problem,which is?If the above are true,what do you need the budget for?第二十页，编辑于星期二：九点 三十三分。The budgetary process is rather a processlTo quantify“qualitative”judgment,lTo forecast the impacts of some uncertain events,lTo simplify the compl

19、ex organizational structures.第二十一页，编辑于星期二：九点 三十三分。As Zimmerman indicated(p.244),the budget processlis a communication device involving both vertical and horizontal information transferlis a negotiation and internal contracting procedurelis part of the performance evaluation systemlpartition decision

20、 rights第二十二页，编辑于星期二：九点 三十三分。Budgets to Solve“Agency”ProblemslShort-term budgets as internal contracts.vTo formally commit responsibility centersvAs a warning for future monitoring actionslLong-term budgets to reduce information asymmetry.vTo solicit private,specialized information from local manager

21、svForce managers to think strategically,rather than on just the short-term results第二十三页，编辑于星期二：九点 三十三分。Budgets to Solve“Agency”ProblemslLine-item budgetsvAuthorize managers to spend only up to a certain amount per line itemvCannot transfer excess to and from line-itemsvNo incentive to reduce spendin

22、glBudget lapsing no carryovers to next periodvIncentive to spend all the budgeted amountsvIntend to avoid managers building up slacks and smoothing performance over time第二十四页，编辑于星期二：九点 三十三分。International Aspects of BudgetingMultinational companies face specialproblems when preparing a budget.vFluctu

23、ations in foreign currency exchange rates.vHigh inflation rates in some foreign countries.vDifferences in local economic conditions.vLocal governmental policies.第二十五页，编辑于星期二：九点 三十三分。1、每一个成功者都有一个开始。勇于开始，才能找到成功的路。11月-2211月-22Wednesday,November 9,20222、成功源于不懈的努力，人生最大的敌人是自己怯懦。17:26:5517:26:5517:2611/9/2

24、022 5:26:55 PM3、每天只看目标，别老想障碍。11月-2217:26:5517:26Nov-2209-Nov-224、宁愿辛苦一阵子，不要辛苦一辈子。17:26:5517:26:5517:26Wednesday,November 9,20225、积极向上的心态，是成功者的最基本要素。11月-2211月-2217:26:5517:26:55November 9,20226、生活总会给你另一个机会，这个机会叫明天。09十一月20225:26:55下午17:26:5511月-227、人生就像骑单车，想保持平衡就得往前走。十一月225:26下午11月-2217:26November 9,20228、业余生活要有意义，不要越轨。2022/11/917:26:5517:26:5509 November 20229、我们必须在失败中寻找胜利，在绝望中寻求希望。5:26:55下午5:26下午17:26:5511月-2210、一个人的梦想也许不值钱，但一个人的努力很值钱。11/9/2022 5:26:55 PM17:26:5509-11月-2211、在真实的生命里，每桩伟业都由信心开始，并由信心跨出第一步。11/9/2022 5:26 PM11/9/2022 5:26 PM11月-2211月-22谢谢大家谢谢大家第二十六页，编辑于星期二：九点 三十三分。