THE MANAGING BUDGETS POCKETBOOK phần 4 pdf

... they must have a role in determining the resources available to them ● Commitment to the ownership of the figures in the budget plays an important part in making them achievable during the ... need? Stage 4: How much will these resources cost? The Input-Output approach can guide you through these four stages. 41 REVENUE BUDGETS GOLDEN RULES OF BUDGETING 1: Draw everyone in...

Ngày tải lên: 06/08/2014, 10:20

... plan for the long-term (the Strategic Plan) as well as the short-term (the Business Plan) ● The Strategic Plan sets the ‘vision’ of where the business wants to be in 3-5 years’ time ● The Business ... planned expenditure on the materials, labour and running costs of the business Compiling Capital Budgets and Revenue Budgets is dealt with in detail in later sections o...

Ngày tải lên: 06/08/2014, 10:20

... PLANNING INTER-RELATIONSHIPS The following sections of the book examine some of the key elements of financial planning: ● Revenue budgets ● Capital budgets ● Product costing Whilst these are often viewed ... cash budget. View each of the budgets as part of the whole. 28 26 FINANCIAL PLANNING THE CHALLENGE PROCESS You now submit (or formally present) your budget. Next comes...

Ngày tải lên: 06/08/2014, 10:20

... but are you pulling in the same direction as the rest of the team? “Just get the sales” which sales? Are they profitable? Will the business be worth winning? “What’s the point? Things never ... the largest wheel has a vital role to play in the planning process. Don’t underestimate the significance of your contribution and the damage that can be inflicted if you get it wr...

Ngày tải lên: 06/08/2014, 10:20

... overspend or saving 49 45 REVENUE BUDGETS SETTING BUDGETS INPUT-OUTPUT APPROACH Stage 4: How much will these resources cost? Only now do you attempt to quantify in financial terms. This is the easy bit! ... discussions? 53 44 REVENUE BUDGETS SETTING BUDGETS INPUT-OUTPUT APPROACH Stage 2: How am I going to do it? ● Choose the PROCESS, ie: the way you will achieve your OUTPU...

Ngày tải lên: 06/08/2014, 10:20

... ahead to assess the expected revenue expenditure which will be incurred. Budgets provide the management tool and the basis for assessing future costs. 64 CAPITAL BUDGETS LINK TO OTHER BUDGETS LINK ... return? Is the return worth the risk? Management Are the management resources/skills available to ensure the satisfactory implications: completion of the project? 60 CA...

Ngày tải lên: 06/08/2014, 10:20

... for this information? The Costing System 69 PRODUCT COSTING THE PROBLEM THE SOLUTION “Can’t I leave all that to the accountant?” No! WORRYING FACT: There is no such thing as the product cost! Why ... UNDERSTAND THE SYSTEM What is a costing system? Businesses use resources to make products. Assessing the resources is easy. You pay for them via invoices and the payroll. But whic...

Ngày tải lên: 06/08/2014, 10:20

... best? Probably not the accountant! But who wrote the costing system? ● How often do you change the resources, processes or products? How often does the costing system change? ● The management accountant ... really help you take better decisions? 84 PRODUCT COSTING UNDERSTAND THE SYSTEM PRODUCTION OVERHEAD What are the production overheads? - the running costs of the manufa...

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... 75 Assembly 125 205 Product Cost 290 Please send me: The Managing Budgets Pocketbook The Pocketbook The Pocketbook The Pocketbook The Pocketbook Your details Name Position Company Address Telephone ... POCKETBOOKS LTD 14 EAST STREET ALRESFORD HAMPSHIRE SO 24 9EE UK Order by Phone, Fax or Internet Telephone: +44 (0)1962 735573 Facsimile: +44 (0)1962 733637 E-mail:...

Ngày tải lên: 06/08/2014, 10:20

... Gamble and many others. The key determinant is whether the activities create value over and above the cost of capital, or consume or destroy value. In other words, do they increase the value of the organisation ... scenarios and then analysing the impact on the business, and the action required to counter adverse consequences. These scenarios can then be weighted by probabilit...

Ngày tải lên: 09/08/2014, 19:21