Budgeting procedures for housing managers: instructor's guide

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Department of Housing and Urban Development, Office of Policy Development and Research, 1980 - Government publications - 20 pages
 

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Page 3 - The responsibility budget sets forth plans in terms of the persons responsible for carrying them out. It is therefore primarily a control device, since it is a statement of expected or standard performance against which actual performance can later be compared. In the factory, for example, there may be a responsibility budget for each department, showing the costs that are controllable by the foreman of the department. There may also be a budget showing costs for each product, including both direct...
Page 3 - The capital budget is essentially a list of what management believes to be worthwhile projects for the acquisition of new capital assets, together with the estimated cost of each project.
Page 3 - Operating Budget An operating budget usually consists of two parts, a program budget and a responsibility budget. These represent two ways of depicting the overall operating plan for the business, two different methods of slicing the pie; therefore, both arrive at the same figure for projected net income and return on investment. The program budget describes the major "programs" the company plans to undertake.
Page 9 - This translation is the cash budget. The financial people use the cash budget to make plans to ensure that the company has enough, but not too much, cash on hand during the year ahead. There are...

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