Page 89 - BA2 Integrated Workbook - Student 2017

Chapter 6

Budgeting

Outcome

By the end of this session you should be able to:

 explain why organisations prepare forecasts and plans

 prepare functional budgets

 explain budget statements

 identify the impact of budgeted cash surpluses and shortfalls on business
operations

 prepare a flexible budget

 calculate budget variances

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Notes can be found in

Chapter 6 of your Study Text

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