VII. Operational Budgeting

Student Resources

Part One: Email Application Activities

Think about where you work.  Prepare a memo for me outlining the annual budget process (who is involved, time line, budget guidelines).  What suggestions would you make for improvement, if any?

Part Two: Chapter Assignment and Homework Problems

Read chapter nine in Jones, Werner, Terrell, and Terrell.  Home work: 9-27, 9-33, 9-34, 9-37, 9-44, 9-46, 9-59, 9-61

Part Three: Spreadsheet Application Activities

9-68

Part Four: Unit Outline

I. Planning and Control

II. Planning and Budgeting

    A. Variances

    B. Static versus flexible budgets

III. The Master Budget

    A. Sales Budget

    B. Production Budget

    C. Selling and Administrative Budget

    D. Capital Investment Budget

    E. Financial Budget

IV. Pro-forma Statements

    A. Income Statement

    B. Statement of Cash Flows

    C. Balance Sheet

V. Activity Based Budgeting