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Business Budgeting
The objective of this course isto familiarize the students with various concepts of budgets and to learn different methods of preparing various types of budgets
Course Outcomes (COs):
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Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Paper Code |
Paper Title |
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ABF 302 |
Business Budgeting |
CLO79 Understand the basic the budgets, their types and budgetary control. CLO80 Evaluate and preparation of flexible budget, fixed budget and sales budget. CLO81 Assess and calculation of different types of functional budgets and understanding the difference between finance budget and cash budget. CLO82 To enable students to do analysis of different budget variance. CLO83 Demonstrate knowledge regarding zero base budgeting and performance budgeting.
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Approach in teaching: Interactive Lectures, Discussion, Tutorials, Reading assignments, Demonstration
Learning activities for the students: Self learning assignments, Effective questions, Seminar presentation, Giving tasks
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects |
Business Budget and Budgeting: Terminology of Budgets, procedure, significances & limitations of Budgeting.
Budgetary control: Meaning, features, process of Budgetary Control.
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
Functional Budgets: Production Budget, Material budget, Master Budget and Cash Budget, Difference between cash budget and finance budget.
Standard Costing: Meaning, Objectives of Standard Costing, Difference between budgetary control and standard costing. Establishment of a standard costing system.
Analysis of Budget variances: Meaning, objectives of variance analysis. Material, Labour variances, Sales variance
Zero Base Budgeting: Origin, Concept, Advantages & Limitations
Performance Budgeting: Meaning, Features, Importance & limitations
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
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
