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    Green Organic Leaves Presentation 20241204 193452 0000

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    jamillafayedemonteverde

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    Green Organic Leaves Presentation 20241204 193452 0000

    Uploaded by

    jamillafayedemonteverde
    1 views17 pages

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    Copyright:

    © All Rights Reserved
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    Download as pdf or txt
    1 views17 pages

    Green Organic Leaves Presentation 20241204 193452 0000

    Uploaded by

    jamillafayedemonteverde

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 17

    Role of Budgets in

    Planning and Control


    Lesson 5
    OBJECTIVES
    1. Define the term "budget."

    2. Differentiate fixed budget from flexible budget.

    3. How is budgeting related to the planning and control functions of


    management?

    4. Why should the budget be aligned with organizationa


    l goals?
    BUDGET
    Budgets are plans is also
    depen- to monitor, control,
    and implement the resource of
    the firm on its operation based
    on its objectives or goals.
    FIXED BUDGET
    A fixed budget allocates a
    fixed amount of resources
    for a specific pur- pose.
    FLEXIBLE/VARIABLE BUDGET
    A flexible or variable budget
    allows allocation of resources to
    change depending on different
    levels of activity in the
    organization.
    FLEXIBLE/VARIABLE BUDGET
    A flexible or variable budget
    allows allocation of resources to
    change depending on different
    levels of activity in the
    organization.
    Planning
    is the initial step and it includes
    the development of the firm's
    objective and the creation of
    budget.
    Operating
    takes on the decision -making
    that is guided by budgeting.
    Control Process
    Checks and guarantees whether
    the set objectives are
    accomplished
    Budgeting
    is the responsibility and activity
    of the organizations entire units
    and department.
    Sales Department
    may create it sales budget for
    purchase and selling expenses to
    eventually determine the value of
    the actual products or services to
    be sold.
    Operation and Production
    Department
    usually generate short term budget. it must
    take into account economic trends such as
    inflation,cost, and personal spending for the
    desired inventory and final production
    basic summary of cash budget may have the following format:
    Steps toward Better -making
    Collaborate and communicate with Organization administrations
    and selected members so the budget becomes more acceptable to
    all.
    Practice flexibility as the budget adapts to the organization's needs
    Relate the budget to company goals since their achievements is the
    primary objectives/goal to the firm ; deviation from goals will
    prolong achievement and will not good for the firm's stability .
    Steps toward Better -making
    Coordinate the big with all the company departments so
    that they may be able to make full use the budget
    allocations given to their respective units.
    Use computer software or application when needed to
    facilitate accurate computation and proper
    dissemination of information related the budget.
    Thank You

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