ajh财务管理 预算

1、Work of ManagementPlanningControllingDirecting andMotivatingPlanning and Control?Planning -involves developing objectives and preparing various budgets to achieve these objectives.?Control -involves the steps taken by management that attempt to ensure the objectives are attained.A. It uncovers poten

2、tial bottlenecks before they occur. B. It coordinates the activities of the entire organization by integrating the plans and objectives of the various parts.C. It ensures that accounting records comply with generally accepted accounting principles. D. It provides benchmarks for evaluating subsequent

3、 performance. Which of the following is not a benefit of budgeting? Advantages of BudgetingAdvantagesCommunicatingplansThink about andplan for the futureMeans of allocatingresourcesUncover potentialbottlenecksCoordinateactivitiesDefine goaland objectivesResponsibility AccountingManagers should be he

4、ld responsible for those items and only those items thatthe manager can actually controlto a significant extent.Fairmont Inc. uses an accounting system that charges costs to the manager who has been delegated the authority to make decisions concerning the costs. For example, if the sales manager acc

5、epts a rush order that will result in higher than normal manufacturing costs, these additional costs are charged to the sales manager because the authority to accept or decline the rush order was given to the sales manager. This type of accounting system is known as:A)responsibility accounting. B)co

6、ntribution accounting. C)absorption accounting. D)operational budgeting. Choosing the Budget PeriodOperating Budget1999200020012002The annual operating budget may be divided into quarterlyor monthly budgets.Choosing the Budget Period1999200020012002Continuous or Perpetual BudgetThis budget is usuall

7、y a twelve-month budget that rolls forward one month as the current month is completed.Participative Budget SystemFlow of Budget DataSupervisorSupervisorMiddleManagementSupervisorSupervisorMiddleManagementTop ManagementThe Budget CommitteeA standing committee responsible for ?overall policy matters

8、relating to the budget?coordinating the preparation of the budgetA method of budgeting in which the cost of each program must be justified every year is called: A) operational budgeting. B) zero-based budgeting. C) continuous budgeting. D) responsibility accounting. Zero-Base BudgetingManagers are r

9、equired to justify all budgeted expenditures, not just changes in the budget from the previous year. The baseline is zero rather than last years budget.Parlee Companys sales are 30% in cash and 70% on credit. Sixty percent of the credit sales are collected in the month of sale, 25% in the month foll

10、owing sale, and 12% in the second month following sale. The remainder are uncollectible. The following are budgeted sales data:Total sales: January $60,000February$70,000March$50,000April$30,000Total cash receipts in April would be budgeted to be: A)$38,900. B)$47,900. C)$27,230. D)$36,230.Modesto C

11、ompany produces and sells Product AlphaB. To guard against stockouts, the company requires that 20% of the next months sales be on hand at the end of each month. Budgeted sales of Product AlphaB over the next four months are:Budgeted sales in unitsJuneJulyAugustSeptember30,00040,00060,00050,000Budge

12、ted production for August would be: A) 62,000 units. B) 70,000 units. C) 58,000 units. D) 50,000 units. Friden Company has budgeted sales and production over the next quarter as follows:AprilMayJuneSales in units 100,000120,000?Production in units 104,000128,000156,000The company has 20,000 units of

13、 product on hand at April 1. A minimum of 20% of the next months sales needs in units must be on hand at the end of each month. July sales are expected to be 140,000 units. Budgeted sales for June would be (in units): A) 188,000. B)160,000. C) 128,000. D) 184,000 Marple Companys budgeted production

14、in units and budgeted raw materials purchases over the next three months are given below:JanuaryFebruaryMarchBudgeted production (in units) 60,000?100,000Budgeted raw materialspurchases (in kilograms) 129,000165,000188,000Two kilograms of raw materials are required to produce one unit of product. Th

15、e company wants raw materials on hand at the end of each month equal to 30% of the following months production needs. The company is expected to have 36,000 kilograms of raw materials on hand on January 1. Budgeted production for February should be: A) 105,000 units. B) 82,500 units. C) 150,000 unit

16、s. D) 75,000 units. Budgets can be defined as:“a quantitative model, or summary of the expected consequences of the organizations short-term operating activities.”Management AccountingAtkinson, Banker, Kaplan & YoungWhat is this definition implying?The definition suggests:?Availability of quanti

17、tative data,?Predictability of short-term outcomes,?Clear-cut organizational structures.There is one major logical problem, which is?If the above are true, what do you need the budget for?The budgetary process is rather a process?To quantify “qualitative” judgment,?To forecast the impacts of some un

18、certain events,?To simplify the complex organizational structures.As Zimmerman indicated (p.244), the budget process?is a communication device involving both vertical and horizontal information transfer?is a negotiation and internal contracting procedure?is part of the performance evaluation system?

19、partition decision rightsBudgets to Solve “Agency” Problems?Short-term budgets as internal contracts.?To formally commit responsibility centers?As a warning for future monitoring actions?Long-term budgets to reduce information asymmetry.?To solicit private, specialized information from local managers?Force managers to think strategically, rather than on just the short-term resu