ebudgeting_en

eBudgeting as a Tool for Projecting Profits

Objectives:

1. Purpose of Budgeting System, Types of Budgets,

2. The Master Budget: A Planning Tool, Activity-Based Costing (ABC)

3. Activity-Based Budgeting (ABB), ABC vs. ABB,

4. Assumption and Prediction underlying Master Budget, FPM

5. Budget Administration, E-Budgeting, Budget Ethics, Budget Analysis

Contents

Purpose of Budgeting System

Types of Budgets

- Master Budget, Budgeted Financial Statements, Capital Budget

- Financial Budget, Rolling Operating Budget

The Master Budget: A Planning Tool

- Manufacturing, Merchandising, Service Firms

Activity-Based Costing, ABC

- Activity Analysis, Cost Pool, Cost Drivers

Activity-Based Budgeting, ABB

- ABC vs. ABB, Benefits of ABB

Master Budget Preparation

- Sales, Production, Direct-Material Usage, Direct Material Purchase

- Direct-Labor, Manufacturing Overhead, ABB and Cost Hierarchy

- Finished Goods, Goods Sold, Selling & Promoting, R&D Budget

- Administrative, Budgeted Financial Statements, Cash Budget

Assumptions and Predictions Underlying Master Budget

- Financial Planning Model

Budget Administration

- The Budget Manual, A Budget Committee

E-Budgeting

- Internet, a Firewall

International Aspects of Budgeting

- Behavior Impact: Slack, Padding, Participation

Budget Ethics

- Competence, Confidentially, Integrity, Objectivity

Budget Analysis

- Horizontal, Vertical, Ratio Analysis, Inter/IntraCompany Comparisons

End