January 2013
Intermediate to advanced
544 pages
16h 35m
English
book
Accounting for Managers: Interpreting Accounting Information for Decision-Making, Canadian Edition
by Paul M. Collier, Sandy M. Kizan, Eckhard Schumann
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CHAPTER 14
Budgeting
LEARNING OBJECTIVES
After reading this chapter, you should be able to answer the following questions:
What are the benefits of budgeting?
What types of budgets are used within organizations?
What are the main steps in the budgeting process?
How does the budgeting process for a manufacturing organization differ from the budgeting process for a service organization or a retail organization?
Why is it important to develop a cash budget?
What are the challenges faced when budgeting, and how can these challenges be overcome?
Anthony and Govindarajan (2000) described budgets as “an important tool for effective short-term planning and control” (p. 360). They saw strategic planning (see Chapter 6) as being focused on several years, contrasted to budgeting which focuses on a single year. Strategic planning “precedes budgeting and provides the framework within which the annual ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.