chapter8-- budgetingfor planningand control（chapter8——budgetingfor planningand控制）.docVIP

CHAPTER 8 Budgeting for Planning and Control Learning Objectives After studying this chapter, you should be able to: 1. Define budgeting and discuss its role in planning, controlling, and decision making. 2. Prepare the operating budget, identify its major components, and explain the interrelationships of the various components. 3. Identify the components of the financial budget, and prepare a cash budget. 4. Describe budgets for merchandising and service firms. CHAPTER SUMMARY This chapter explains how budgeting plays a key role in planning, controlling, and decision making, as well as impr