9ma文档新nagerialaccounting-student_财务管理_经管.pptVIP

Profit Planning Chapter 9 Learning Objective 9-1 Understand why organizations budget and the processes they use to create budgets. The Basic Framework of Budgeting A budget is a detailed quantitative plan for acquiring and using financial and other resources over a specified forthcoming time period. The act of preparing a budget is called budgeting. The use of budgets to control an organization’s activities is known as budgetary control. Planning and Control Planning – involves developing objectives and preparing various budgets to achieve those objectives. Control – invo