SS_Ch9_Sawyers_MgrACCT

SS_Ch9_Sawyers_MgrACCT - Budgeting for Planning, Operating,...

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Budgeting for Planning, Operating, and Control Activities
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The Budget Development Process Budgeting is much more than a number crunching exercise. It is a management task that requires a great deal of planning and input from a broad range of managers in a company. While it is time-consuming, the use of spreadsheets, such as Microsoft Excel, makes the process much simpler.
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The Budget Development Process Zero-based budgets require managers to build budgets from the ground up each year rather than just add a percentage increase to last year’s numbers. Companies often use rolling budgets. As the oldest month rolls off the analysis, the newest month is added. Budgets are more than crunching numbers.
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Participatory Budgeting Participatory budgeting , which starts with departmental managers and then flows up through middle management and ultimately to top management. At each level, budget estimates are prepared and then submitted to the next level of management, which has responsibility for reviewing the budget and negotiating any changes that need to be made. Departmenta l Managers Middle Managers Top Management
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Defines goals and objectives as standards of performance
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This note was uploaded on 07/08/2010 for the course ACIS 2116 taught by Professor Cmeasterwood during the Spring '08 term at Virginia Tech.

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SS_Ch9_Sawyers_MgrACCT - Budgeting for Planning, Operating,...

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