The Cash Budget 现金预算.ppt

Chapter Nine Learning Objective 1 The Basic Framework of Budgeting预算的基本框架 Planning and Control计划和控制 Planning – involves developing objectives and preparing various budgets to achieve these objectives. 计划—包括建立目标和准备达到目标的各种预算。 Control – involves the steps taken by management that attempt to ensure the objectives are attained. 控制—包括管理方确保目标达成采取的步骤。 Advantages of Budgeting预算的优点 Responsibility Accounting责任会计 Choosing the Budget Period选择预算期间 Self-Imposed Budget Advantages of Self-Imposed Budgets Self-Imposed Budgets Human Factors in Budgeting预算中的人的因素 The success of budgeting depends upon three important factors: Top management must be enthusiastic and committed to the budget process （热情和投身到预算过程中去）. Top management must not use the budget to pressure employees or blame them when something goes wrong （给员工施压或在出问题的时候责备他们）. Highly achievable budget targets （达成性很高的预算目标） are usually preferred when managers are rewarded based on meeting budget targets. The Budget Committee预算委员会 A standing committee responsible for overall policy matters relating to the budget 与预算有关的大体政策事务 coordinating the preparation of the budget 协调预算的编制 The Master Budget: An Overview总预算：概述 Learning Objective 2 Budgeting Example Royal Company is preparing budgets for the quarter ending June 30. Budgeted sales for the next five months are: April 20,000 units May 50,000 units June 30,000 units July 25,000 units August 15,000 units. The selling price is $10 per unit. The Sales Budget 销售预算 Expected Cash Collections预计的现金收回 All sales are on account. Royal’s collection pattern is: 70% collected in the month of sale, 25% collected in the month following sale, 5% uncollectible. The March 31 accounts receivable balance of $30,000 will be collected in full. Expected Cash Collections Expected Cash Collections Expected Cash Collections Quick Check ? What will be the total cash collections for the quarter? a. $700,000 b. $220,000 c. $190,000 d. $905,000 Quick Check ? What will be the total cash col