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23-10 Financial Budgets: Budgeted Balance Sheet
Financial Budgets: Budgeted Balance Sheet
A projection of financial position at the end of budgeted
Developed from the budgeted balance sheet for the preceding year and the budgets for the current year Budgeting: Merchandising Companies
Budgeting: Merchandising Companies
Sales Budget: starting point, just like manufacturing
Use a merchandise purchases budget instead of a production budget
Does not use manufacturing budgets (DM,DL, & Man. O/H) use manufacturing budgets
To determine budgeted merchandise purchases: Chapter
23-11 Budgeting: Service Companies
Budgeting: Service Companies
Critical factor in budgeting is coordinating professional staff
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- Spring '14