Accounting Business Reporting for Decision Making

LEARNING OBJECTIVES

After studying this chapter, you should be able to:

9.1 understand the importance of planning and budgeting

9.2 explain what a budget is and describe the key steps in the budgeting process

9.3 explain the different types of budgets

9.4 outline the components of a master budget and prepare a master budget

9.5 prepare a schedule of receipts from accounts receivable and a cash budget

9.6 explain the use of budgeting in planning and control

9.7 discuss the issues associated with the behavioural aspects of budgeting.

CHAPTER 9

Budgeting

Contents

Chapter 9 preview

9.1 Strategic planning and budgeting

9.2 Budgets

9.3 Types of budgets

9.4 Master budget

9.5 The cash budget

9.6 Budgets: planning and control

9.7 Behavioural aspects of budgeting