BUSINESS BUDGETING

Paper Code: 
FSG 317
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Outcome

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to:

 

CO 114 Comprehend the scope and process of budgeting and budgetary control.

CO 115 Prepare Flexible and  fixed budgets and to Analyse the importance, usage and scope of zero base budgeting and performance budgeting.

CO 116 To Assess and prepare  different types of functional budgets.

 

CO 117 To be able to prepare Master and cash Budget and distinguish between finance budget and cash budget.

CO 118 To learn to be able to do accurate Business Forecasting To calculate, analyse and rectify  various types budget variance.

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Reading assignments, Demonstration

 

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

7.00

Business Budget and Budgeting:

· Terminology of Budgets, procedure,

· Significances & limitations of budgeting.

· Essentials of an effective Budgeting.

· Budgetary control: Meaning, features,objectives

·  Process of Budgetary Control.

· Difference between Standard costing and Budgetary control.

10.00

Types of Budget:

· Classification of Budget,

· Methods of preparing flexible budgets,

· difference between fixed and flexible budgets

· Zero Base Budgeting: Origin, Concept, Advantages & Limitations

                 Performance Budgeting: Meaning, Features, Importance & limitations

10.00

 

· Functional Budgets: Meaning,Procedure for preparation of

· Sales Budget

· Production budget,

· material Budget,

· labour Budget

· Overhead budget.

 

8.00

· Master Budget and Cash Budget, Meaning Importance an Forms of Cash Budget

· Methods of Preparation of Cash Budget.

· Difference between cash budget and finance budget.

10.00

· Business Forecasting ;Meaning Theories Importance and limitations of Business Forecasting , Techniques and Tools of Business Forecasting.

· Analysis of Budget variances: Meaning,objectives of variance analysis.

· Material, Labour variances, Sales variance

Essential Readings: 

M.R. Agarwal, “ Business Budgeting” Garima Publications, Jaipur

Agarwal, Vijay, Surolia, “Business Budgeting” Ramesh Book Depot” New Delhi- Jaipur

Owswal, Sharma, “ Business Budgeting” Kailash Book Depot” Jaipur

 

References: 

SUGGESTED READINGS :

S.N Maheshwari, “ Management Accounting and Control” Sultan Chand and Sons, New Delhi

M.Y.Khan and P.K.Jain, “Management Accounting” Himalaya Publishing House, New Delhi

Jawahar Lal, “ Accounting for Management” Himalaya publishing house, New Delhi.

Gupta S.P , Management Accounting, Sahitya Bhawan Publications.

 

E - RESOURCES :

Budgeting Basics and Beyond  BY : Jae K Shim, Joel G Siegal

http://untag-smd.ac.id/files/Perpustakaan_Digital_1/BUDGET%20Budgeting%20Basics%20and%20Beyond.pdf

 

JOURNALS:

Journal of Public Budgeting , Accounting and Financial Management.

https://www.emeraldgrouppublishing.com/journal/jpbafm

Public Budgeting an Finance:https://onlinelibrary.wiley.com/journal/15405850

Academic Year: 
2022-2023
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