Foundations of Budgeting
Foundations of Budgeting is written specifically for TAFE/VET Accounting students, comprehensively covering all the learning outcomes and assessment criteria of the National Accounting module NAP730 - Budgeting. It features the following: concise and manageable size, which covers all learning outcomes and assessment criteria within the National Accounting module NAP730 - Budgeting; an emphasis on probelm solving - every chapter includes a range of comprehensive and practical problems, which provide the cornerstone for understanding and applying budgeting concepts; lots of illustrations and examples - including an entire chapter devoted to a comprehensive worked example; first three chapters that examine the theory behind budget preparation, thus allowing the reader to develop an understanding of the process and build confidence by using simple examples with clearly defined problems; no irrelevant subject matter - any material not relevant to learning outcomes of NAP730 is excluded; only problems that have been class tested within allowed times; and complete solutions to all problems, which make the text suitable for self-paced learning.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Budgeted balance sheet
COMPREHENSIVE WORKED EXAMPLE
4 other sections not shown
000 Budgeted 000 direct labour 000 Indirect 000 insurance actual results add Closing April budget Actual Variance budget An estimate budget Nathan Company budget period budget year ending budgeted balance sheet budgeted income statement budgeted sales calculated cash budget cash flow statement cash flows closing inventory Company Budgeted component debtors December 19X8 depreciation desired closing stocks direct labour budget direct labour hours Direct materials purchases direct materials usage disbursements ending 31 December Example expenses budget Expenses direct materials Factory overhead budget favourable variance finished product fixed expenses Gross profit itemise January level of activity manufacturing master budget materials purchases budget materials usage budget month of sale November December Total OOO hrs opening inventory Operating expenses organisation organisation's overhead expenses performance report period ended 31 production budget quarter ending 31 reflect actual sales budget sales forecast scattergraph selling price sold static budget T-format variable costs Variable overhead WKSM