Application of Budget Method，ACCA P5 复习资料.Image.Marked.pdf

10 Application of budgeting methods this chapter covers . . . In this chapter we examine: • different methods of budgeting: incremental budgeting, zero based budgeting and programme based budgeting • cost behaviour in relation to activity • using marginal costing and absorption costing for budgets • fixed budgets and flexed budgets • Activity Based Budgeting and life cycle budgeting • management reporting aspects of budgeting: monitoring budgets, feedback, feedforward and the format of budgets and reports N V Q P E R F O R M A N C E C R I T E R I A C O V E R E D unit 9: CONTRIBUTING TO THE PLANNING AND CONTROL OF RESOURCES element 9.1: prepare forecasts of income and expenditure B communicate with relevant individuals and give them the opportunity to raise queries and to clarify forecasts C prepare forecasts in a clear format with explanations of assumptions, projections and adjustments D review and revise the validity of forecasts in the light of any significant anticipated changes element 9.2: prepare draft budget proposals A present to management draft budget proposals in a clear and appropriate format and on schedule B verify that draft budget proposals are consistent with organisational objectives, and include all relevant data and assumptions D communicate with budge