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Consider the following statement: It is most sensible to start with the sales budget and develop the.

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Subject: Accounting
Due on: 08/21/2015
Posted On: 07/22/2015 12:53 AM

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Consider the following statement: It is most sensible to start with the sales budget and develop the other budget from there. Analyse the validity of this statement. Do you agree with the statement? How should sales revenues be considered when determining other costs?

The journal article prescribed for this:

Guven-Uslu, P. & Conrad, L. (2008) ‘Uses of management accounting information for benchmarking in NHS trusts’,Public Money & Management, 28 (4), pp. 239–246, Wiley Interscience [Online].DOI: 10.1111/j.1467-9302.2008.00650.x (Accessed 30 June 2009).

Textbook

Atrill, P. & McLaney, E. (2012)Management accounting for decision makers.7th ed.Harlow,England: Pearson Education Ltd.

(Please note that the references to these readings can be found in the Lecture Notes text under the headings of the topics to which they relate.)

  • Budgets and strategic planning

Pages 187–195 in Chapter 6 explore the role that budgets play within the strategic planning process. The authors also introduce the planning and control process.

  • Budgets for performance evaluation

Pages 196–222 in Chapter 6 examine the intricacies of budgets, including the process through which they are developed. It is important to understand how budgets can be used to evaluate performance.

  • Variance analysis

Pages 2329–254 in Chapter 7 discuss the process of analysing variations within budgets. The differences from original budget figures and actual figures must be examined in order to understand what changes occurred and what can be done to rectify the situation—namely, to reduce or eliminate the variation.

  • Effective budgetary control

Pages 254–259 in Chapter 7 explore how organisations need to develop systems that support the budget process and how information is collected and reported. The authors also discuss behavioural aspects of management styles.

  • Standard costing

Pages 260–268 in Chapter 7 examine how standards for costs, revenues, and quantities are developed by organisations when developing budgets. The reading also addresses considerations when using standards and problems that may occur.

Tags sales budget develop start sensible following statement consider budgets pages proce chapter budget planning management statement strategic accounting information authors performance figures organisations standards discu understand examine developed control explore sales develop revenues changes order examined actual variation

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Consider the following statement: It is most sensible to start with the sales budget and develop the.

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Tutorial Preview …Chapter x discuss xxx process of xxxxxxxxx variations within xxxxxxx The xxxxxxxxxxx xxxx original xxxxxx figures and xxxxxx figures must xx examined xx xxxxx to xxxxxxxxxx what changes xxxxxxxx and what xxx be xxxx xx rectify xxx situation—namely, to xxxxxx or eliminate xxx variation xxxxxxxxx xxxxxxxxx controlPages xxxxxxxxx in Chapter x explore how xxxxxxxxxxxxx need xx xxxxxxx systems xxxx…
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Preview: be xxxxxxxx as xxxxxxxxxx in the xxxxxxxxxx budget Similarly, xxx direct xxxxxx xxxxxx lays xxxx the requirements xxx direct labour, xxx actual xxxxxxxxxx xxx the xxxxxxxxxxxxx overhead budget xxxxxxxxxx the variable xxx fixed xxxxxxxx xxxxx for xxx period under xxxxxxxxxxxxx Thereafter, the xxxxxxx expenses xxxxxx xxx the xxxxxxx & administrative xxxxxxxx budget may xx developed xxx xxxxxxx expenses xxxxxx may include xxxx variable and xxxxx selling xxxxxxxx xxxxx the xxxxxxxx expenses are xxxxx on dollar xxxxx and xxx xxxxx expenses xxxx salaries are xxxxxxxxxx irrespective of xxx dollar xxxxx xxx general xxxxx administrative expenses xxxxxx sets out xxx details xxx xxx variable xxx fixed expenses xx the general xxxxx administrative xxxxx xx the xxxxxxxxxxxx Besides the xxxx and expenditure xxxxxxx the xxxxxxxxxxxx xxxxx to xxxxxxx the.....
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