Budget’s
Part A Introduction to Plans, Opera
Planning
Budgets and forecasts P100
purpose P100
Operational plans P102 Master budget
Finan
1. Revenue centres
Responsible
4 Types of responsible 2. Cost centres
accounting
centers 3. Profit centres
P105
4. Investment centres
Planning Plan for 3 scenarios Part B
Budget
purpose P107
Controlling Budget variance analyse Part C
8 steps of
creating S4. Direct
S2. S3. Direct S5. OH
operational S1.Sales manufacturing
Production materials cost costs
budget in budget labour costs
budget budget budget
manufacturing budget
org P110 - 114
Part B Developing
master budgets P108
Budgeted income statement
Capital expenditure
Preparing 3 financial budgets P114-115 Budgeted balance sheet
budget
Sales volume variance
Profit and revenue variances
P120 - 122