Business Budgeting

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

To familiarize the students with various concepts of budgets

8.00
Unit I: 
Business Budget and Budgeting & Budgetary control

Business Budget and Budgeting: Terminology of Budgets, procedure, significances & limitations of Budgeting.

Budgetary control: Meaning, features, process of Budgetary Control.

8.00
Unit II: 
Types of Budget & Functional Budgets

Types of Budget: Classification of Budget, Methods of preparing flexible budgets, difference between fixed and flexible budget.

Functional Budgets: Meaning, Procedure for preparation of Sales Budget

12.00
Unit III: 
Functional Budgets

Functional Budgets: Production Budget, Master Budget and Cash Budget, Difference between cash budget and finance budget.

10.00
Unit IV: 
Analysis of Budget variances

Analysis of Budget variances: Meaning, objectives of variance analysis. Material, Labour variances, Sales variance

7.00
Unit V: 
Zero Base Budgeting & Performance Budgeting

Zero Base Budgeting: Origin, Concept, Advantages & Limitations

Performance Budgeting: Meaning, Features, Importance & limitations

Essential Readings: 

• M.R. Agarwal, “ Business Budgeting” Garima Publications, Jaipur
• Agarwal, Vijay, Surolia, “Business Budgeting” Ramesh Book Depot” New Delhi- Jaipur
• S.N Maheshwari, “ Management Accounting and Control” Sultan Chand and Sons, New Delhi

References: 

• M.Y.Khan and P.K.Jain, “Management Accounting” Himalaya Publishing House, New Delhi
• Jawahar Lal, “ Accounting for Management” Himalaya publishing house, New Delhi.
• Owswal, Sharma, “ Business Budgeting” Kailash Book Depot” Jaipur

Academic Year: 
2019-2020
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