tailieunhanh - Lecture Management accounting: An Australian perspective: Chapter 9 - Kim Langfield-Smith

Lecture Management accounting: An Australian perspective - Chapter 9 introduce the budgeting systems. In this chapter, students will be able to understand: strategic planning and budgeting systems, purposes of budgeting, responsibility accounting, the annual budget: a planning tool,. | Chapter 9 Budgeting systems Strategic planning and budgeting systems A budget A detailed plan summarising the financial consequences of an organisation’s operating activities A financial model that summarises future operation A critical step in planning any activity continued Strategic planning and budgeting systems Strategic planning is long term planning usually undertaken by senior managers Decisions about the type of businesses and markets that the organisation operates in, and how those businesses and activities will be financed Decisions about corporate strategy Purposes of budgeting Planning To quantify a plan of action Facilitating communication and coordination Provides a formal mechanism to enable communication and coordination Allocating resources Provides a forum for evaluating alternative use of resources among competing users continued Purposes of budgeting Controlling profit and operations The budget can serve as a benchmark to allow comparison with actual . | Chapter 9 Budgeting systems Strategic planning and budgeting systems A budget A detailed plan summarising the financial consequences of an organisation’s operating activities A financial model that summarises future operation A critical step in planning any activity continued Strategic planning and budgeting systems Strategic planning is long term planning usually undertaken by senior managers Decisions about the type of businesses and markets that the organisation operates in, and how those businesses and activities will be financed Decisions about corporate strategy Purposes of budgeting Planning To quantify a plan of action Facilitating communication and coordination Provides a formal mechanism to enable communication and coordination Allocating resources Provides a forum for evaluating alternative use of resources among competing users continued Purposes of budgeting Controlling profit and operations The budget can serve as a benchmark to allow comparison with actual results Evaluating performance and providing incentives Comparing actual result with budget provides a basis for evaluation of the performance of individuals, departments or the entire company This can be linked to formal incentives, such as cash rewards, or profit sharing Responsibility accounting Budgets are prepared along responsibility accounting lines Responsibility accounting The practice of holding managers responsible for the activities and performance of their area of the business Managers of various departments Develop their own budget estimates for cost, revenue or profits of their areas Are then held responsible for meeting those budget targets continued Responsibility accounting Responsibility centres A sub-unit of the organisation whose manager is held accountable for the sub-units’ activities and performance Cost centres, revenue centres, profit centre and investment centre The type of responsibility centre determines the types of financial results for which a .

• Kế toán - Kiểm toán
• Management accounting
• Lecture Management accounting
• Managing resources
• Strategic management accounting
• Budgeting systems
• Purposes of budgeting
• Management accounting information
• Financial accounting
• Management accountants
• Business environment
• Bài giảng Kế toán quản trị
• Nature of management accounting
• Component of accounting system
• Managerial accounting
• Management accounting systems
• Costing systems
• Environmental management accounting
• Cst accounting in action
• Management cost accounting
• Accounting for management
• Cost accounting in action
• Advanced fraud
• Australian organisations
• Emphasis on cost
• Managing value
• Social management accounting
• Corporate social responsibility
• Paper F2
• Revision kit 2016
• Document management accounting
• Management accounting Review
• Implementation of management accounting
• Study text 2016
• Tiếng Anh kinh doanh
• F2 Management Accounting
• ACCA Paper F2
• Paper F2 Management Accounting
• Book ACCA Management Accounting
• Lecture Advanced management accounting
• Bài giảng Kế toán quản trị nâng cao
• Advanced management accounting
• Inflation accounting
• Current purchasing power method
• Current cost accounting method