Ch.8_Budgeting_Inst

Ch.8_Budgeting_Inst - CHAPTER 8 Planning and Budgeting The...

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1 CHAPTER 8 Planning and Budgeting The planning process Budget types (4 main types) Statistics budget Operating budget Revenue budget Expense budget Cash budget Capital budget
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2 Learning Objectives Explain what is in each major budget Develop a simple statistics, revenue, expense, operating and cash budget
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3 The Planning Process Begins with strategic plan Foundation of planning process Contains: Mission statement Scope of operations Broad strategies Objectives
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4 The Planning Process Operating (five-year) plan Detailed operating guidance for meeting objectives laid out in strategic plan Ties together planning & control
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5 Operating (5-Year) Plan Format Chapter 1: Corporate mission and goals Chapter 2: Corporate objectives Chapter 7: Functional area plans A. Marketing B. Operations C. Finance D. Administration and human resources E. Facilities Financial plan is based on information in other plans.
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6 Budgets Detailed plans expressed in
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This note was uploaded on 02/24/2010 for the course HPM 340 taught by Professor Reiter during the Spring '10 term at UNC.

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Ch.8_Budgeting_Inst - CHAPTER 8 Planning and Budgeting The...

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