Work of ManagementPlanningControllingDirecting and MotivatingRemember!精心整理专业资料，请放心下载[002].pptVIP

Work of Management;Planning and Control;It uncovers potential bottlenecks before they occur. It coordinates the activities of the entire organization by integrating the plans and objectives of the various parts. It ensures that accounting records comply with generally accepted accounting principles. It provides benchmarks for evaluating subsequent performance. ;Advantages of Budgeting;Responsibility Accounting;Fairmont Inc. uses an accounting system that charges costs to the manager who has been delegated the authority to make decisions concerning the costs. For example, if the sales manager accepts a rush order that will result in higher than normal manufacturing costs, these additional costs are charged to the sales manager because the authority to accept or decline the rush order was given to the sales manager. This type of accounting system is known as:;Choosing the Budget Period;Choosing the Budget Period;Participative Budget System;The Budget Committee;A method of budgeting in which the cost of each program must be justified every year is called: ;Zero-Base Budgeting;Let us practice on the basics of budgeting!;Parlee Companys sales are 30% in cash and 70% on credit. Sixty percent of the credit sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder are uncollectible. The following are budgeted sales data: Total sales: January $60,000 February $70,000 March $50,000 April $30,000; Modesto Company produces and sells Product AlphaB. To guard against stockouts, the company requires that 20% of the next months sales be on hand at the end of each month. Budgeted sales of Product AlphaB over the next four months are: Budgeted sales in units June July August September 30,000 40,000 60,000 50,000; Friden Company has budgeted sales and production over the next quarter as follows: April May June Sales in units 100,000 1