Accounting for Managers: Interpreting accounting information for decision-making
BUDGETING 217 Cash forecasting example: Retail News Group Retail News is a store selling newspapers, magazines, books, confectio ...
218 ACCOUNTING FOR MANAGERS Table 14.11 Retail News Group purchase budget Jan Feb Mar Apr May Jun Total Inventory at end of mont ...
BUDGETING 219 Table 14.13 Retail News Group cash forecast Jan Feb Mar Apr May Jun Total Sales receipts 8,500 11,000 13,500 13,50 ...
220 ACCOUNTING FOR MANAGERS Table 14.14 Retail News Group profit and cash flow reconciliation Net profit £8,625 Plus non-cash ex ...
BUDGETING 221 mechanisms in budgetary processes for reducing the level and amount of conflict. (pp. 29 – 30) Covaleski and Dirsm ...
222 ACCOUNTING FOR MANAGERS performance. Collier and Berry found that little risk modelling may be used in practice, and that th ...
BUDGETING 223 Despite its abandonment of budgeting, Handelsbanken remains a very success- ful bank. Wallander concluded: abandon ...
224 ACCOUNTING FOR MANAGERS Preston, A. M., Cooper, D. J. and Coombs, R. W. (1992). Fabricating budgets: A study of the producti ...
15 Budgetary Control...................................... In this chapter, we describe the budgetary control that takes place i ...
226 ACCOUNTING FOR MANAGERS Table 15.1 Actual v. budget financial report Budget for this period Actual for this period Budget fo ...
BUDGETARY CONTROL 227 variance under a flexed budget would then show: Original budget Flexed budget Actual Variance £80,000 £70, ...
228 ACCOUNTING FOR MANAGERS Only significant variations need to be investigated. However, what is significant can be interpreted ...
BUDGETARY CONTROL 229 Table 15.2 Budget v. actual report Budget Actual Variance Sales units 10,000 9,000 Selling price Revenue 1 ...
Table 15.4 Variance report Std costper unit Originalbudget Std costper unit Flexedbudget Usage qty Act costper unit Actual Varia ...
BUDGETARY CONTROL 231 Table 15.5 Sales price variance Actual quantity 9,000 @ actual price £175 £1,575,000 Actual quantity 9,000 ...
232 ACCOUNTING FOR MANAGERS Standard quantity Actual quantity Actual quantity ××× Standard price Standard price Actual price Usa ...
BUDGETARY CONTROL 233 Table 15.8 Materials usage variance Plastic Standard quantity 9 , 000 × 2 Standard price @ £1.50 27,000 Ac ...
234 ACCOUNTING FOR MANAGERS Table 15.9 Materials price variance Plastic Actual quantity 19,000 Standard price @ £1.50 28,500 Act ...
BUDGETARY CONTROL 235 Table 15.11 Labour variance Std cost per unit Original budget Std cost per unit Flexed budget Usage qty Ac ...
236 ACCOUNTING FOR MANAGERS Table 15.13 Labour rate variance Skilled Actual quantity 55,000 Standard price @ £15.00 825,000 Actu ...
«
8
9
10
11
12
13
14
15
16
17
»
Free download pdf