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The Business
Environment and Concepts module, which contains questions and
answers regarding Planning and Budgeting and other important topics,
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The flashcards related to Planning and Budgeting will cover these
topics:
- Planning Techniques and Processes
- Planning process, three types of plans, components of strategic
plan, planning premises, organizational objectives, policies,
procedures, rules, formal vs. informal plans, single-purpose vs.
standing-purpose plans, contingency planning, mission statement,
planning calendar, smoothing techniques.
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- Types of Budget Systems
- Flexible budget, planned cost column, activity levels, program
budgets, continuous budget, budget manual, zero-base budgeting,
strategic budget, quantitative vs. qualitative measures, program
vs. budget, personnel budget, human resource audit vs. human resource
plan.
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- Budget Variance Analysis
- Two types of budget variance, flexible budget variance, budgetary
slack, budget integration with variance analysis, margin of safety.
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- Annual Profit Plan
- Financial budget process, master budget, sales budget, purchases
budget, production budget, expense budget, capital budget, cash
budget, budgeted income statement, budgeted balance sheet, budgeted
statement of cash flows, budgeted operating income.
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