To familiarize the students with various concepts of budgets.
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, Master Budget and Cash Budget, Difference between cash budget and finance budget.
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
.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 Note- The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless
Links:
[1] https://business.iisuniv.ac.in/courses/subjects/business-budgeting-0
[2] https://business.iisuniv.ac.in/academic-year/2019-2020