财务管理预算.ppt

purchases (in kilograms)
129,000
165,000
188,000
Two kilograms of raw materials are required to produce one
unit of product. The company wants raw materials on hand at the end
Management Accounting Atkinson, Banker, Kaplan & Young
What is this definition implying?
The definition suggests:
Availability of quantitative data, Predictability of short-term outcomes, Clear-cut organizational structures.
month. Budgeted sales of Product AlphaB over the next
four months are:
Budgeted sales in units
June
July August
September
30,000
40,000 60,000
50,000
Budgeted production for August would be: A) 62,000 units. B) 70,000 units. C) 58,000 units. D) 50,000 units.
Budgeted sales for June would be (in units): A) 188,000. B) 160,000. C) 128,000. D) 184,000
Marple Company's budgeted production in units and budgeted
of each month equal to 30% of the following month's production
needs. The company is expected to have 36,000 kilograms of raw
materials on hand on January 1.
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
1999
2000
2001
The annual operating budget may be divided into quarterly
or monthly budgets.
2002
Choosing the Budget Period
Continuous or Perpetual Budget
1999
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.
128,000
156,000
The company has 20,000 units of product on hand at April 1. A minimum of 20% of the next month's sales needs in units must be on hand at the end of each month. July sales are expected to be 140,000 units.
Control -involves the steps taken by management that attempt to ensure the objectives are attained.
Which of the following is not a benefit of budgeting?
Modesto Company produces and sells Product AlphaB.
To guard against stockouts, the company requires that 20%
of the next month's sales be on hand at the end of each
Work of Management
Planning
Directing and Motivating
Controlling
Planning and Control
Planning -involves developing objectives and preparing various budgets to achieve these objectives.
Budgeted production for February should be: A) 105,000 units. B) 82,500 units. C) 150,000 units. D) 75,000 units.
Budgets can be defined as:
“a quantitative model, or summary of the expected consequences of the organization’s short-term operating activities.”
Total sales:
January February March April

$60,000 $70,000 $50,000 $30,000
Total cash receipts in April would be budgeted to be: A) $38,900. B) $47,900. C) $27,230. D) $36,230.
2000
2001
2002
This budget is usually a twelve-month budget that rolls forward one month as the current month is completed.
Participative Budget System
Top Management
A) responsibility accounting. B) contribution accounting. C) absorption accounting. D) operational budgeting.
Choosing the Budget Period
Operating Budget
Parlee Company's 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:
raw materials purchases over the next three months are given below:
January
February
March
Budgeted production (in units) 60,000
?
100,000
Budgeted raw materials
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: