: BUSINESS BUDGETING

Paper Code: 
ABF 302
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Outcome(COs):

Course Outcome

Learning and teaching strategies

 

 

Assessment Strategies

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

  1. Comprehend the scope and process of budgeting and budgetary control.
  2. Prepare Flexible and fixed budgets and to Analyse the importance, usage and scope of zero base budgeting and performance budgeting.
  3. To Assess and prepare different types of functional budgets.
  4. To be able to prepare Master and cash Budget and distinguish between finance budget and cash budget.
  5. To learn to be able to do accurate Business Forecasting To calculate, analyse and rectify  various types budget variance.

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

Unit I: 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

Unit II: 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

Unit III: Functional Budgets:

  • Functional Budgets: Meaning, Procedure for preparation of
  • Sales Budget
  • Production budget,
  • material Budget,
  • labour Budget
  • Overhead budget.

 

8.00

Unit IV:

  • 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
  • Unit V:
  • 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: 

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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