大学会计英语课件陈庆柏 主编978 7 81134 917 7unit 12.pptVIP

12.2 Controlling Management Control Systems (2) The components of management control system The first and most basic component in a management control system is the organization’s goals. Why? Because the focus of the management control system is on internal management decision making and motivating performance consistent with the organization’s goals. What are the principal stages of budgetary control? What’s meant by management control? How to exercise such control? Tell the main purposes of management control system. Questions for Unit 12 Define the following terms budget sales budget cash budget capital budget master budget management control system Questions for Unit 12 Paraphrase the following esp. the underlined parts One of objectives of management control system is to ensure that an organization’s management have full understanding of the specific actions required of them to achieve organizational goals. Business must have liquid resources available to finance their business activities. Questions for Unit 12 This is the end of Unit 12 Thank you for your attention 陈庆柏 王景仙 主编 Unit Twelve Budgeting and Controlling Warming-up Questions What are the major types of budgets prepared by accounting staff of an organization or business? Is budgeting important and necessary for a business? What reasons can you give to support your answer? Suggested Answers What are the major types of budgets prepared by accounting staff of an organization or business? The chief budgets prepared by the accountants of an organization or business are: sales budget, capital budget, cash budget, and master budget. Budgets are set for different business areas. Suggested Answers Is budgeting important and necessary for a business? What reasons can you give to support your answer? Setting budgets for different business is very necessary and important due to the following reasons. (1) Budgeting can help the managers of a firm in internal planning, controlling and decision making. (2) Bud