Accounting
Differentiate between Sales Forecast and Sales Budget
Sales Budget expresses your intentions/desires. It is the number you actually hope to get from sales. This is where you ‘want’ to go – your…
Accounting Management
Accounting
Components of Master Budget
A master budget is a set of interconnected budgets of sales, production costs, purchases, incomes, etc. and it also includes pro forma financial statements. A…
Accounting
Difference between Cash Budget and Cash Flow Statement
A cash budget is one of the most important budgets prepared by a business concern as every transaction directly or indirectly deals with cash. It…
Accounting
Why is the Sales Forecast the starting point in Budgeting?
Sales forecasting serves as the starting point for all activities of the firm and gives direction to all activities. It helps the firm to decide…
Accounting
Essential of a Sound Budgeting System
Essential of a sound budgeting system – A budget is a plan as well as a control tool. It is a blueprint for the future…
Accounting
Flexible Budget
A flexible budget is a dynamic budget. It is a budget which is designed to change in accordance with the level of activity. It is…
Accounting
Master Budget
Muster budget is a summary of a company’s plan that sets specific targets for sales, production, financial activities and that generally achieves in a cash…
Accounting
Different techniques applied for CVP Analysis
Different techniques applied for CVP Analysis Cost Volume Profit (CVP) analysis is a managerial accounting technique that is concerned with the effect of sales volume…
Accounting
Function of a Budget Committee
A budget is a formal written statement of management’s plans for a specified future time period, expressed in financial terms. It is an estimation of…
Accounting
Distinguish between Forecasting and Budgeting
A budget is a formal written statement of management’s plans for a specified future time period, expressed in financial terms. It is an estimation of…
Load More