Master budget-Components & order of the master budget & examples of each part including budgeted financial statements
☑ Managerial accounting concepts
☑ Budget timing methods
☑ Characteristics and tasks of the budget committee
☑ Order of operations for a master budget
☑ How to construct a sales budget
☑ How to build a production budget
☑ How to make a materials budget
☑ How to construct a direct labor budget
☑ How to build a factory overhead budget
☑ How to make a general and administrative budget
☑ How to put together a cash budget
☑ How to constructed a budgeted cost of goods manufactured statement
☑ How to build a cost of goods sold budget
☑ How to make a budgeted income statement
☑ How to make a budgeted balance sheet
Master budget construction, including demonstration problems, excel worksheets, practice test questions, discussion questions, and a comprehensive problem we work together using Excel in a step by step format.
The course will provide a managerial accounting overview, comparing managerial accounting and financial accounting, and providing essential managerial accounting tools we will need in the budgeting process.
We will discuss methods of budget timing and the pros and cons of each technique.
The course will discuss the characteristics and functions of the budget committee.
We will discuss the components of a master budget and break it out into its parts, listing the order that those components need to be completed in.
The course will discuss how to put together a sales budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
We will discuss how to put together a production budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
The course will discuss how to put together a materials budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
We will discuss how to put together a direct labor budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
The course will discuss how to put together a factory overhead budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
We will discuss how to put together a general and administrative budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
The course will discuss how to put together a cash budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
We will discuss how to put together a budgeted cost of goods manufactured statement and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
The course will discuss how to put together a budgeted cost of goods sold statement and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
We will discuss how to put together a budgeted income statement and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
The course will discuss how to put together a budgeted balance sheet and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
We will also go over a comprehensive problem in Excel so we can see all the components of the master budget and work through them in one place.
English
Language
Introduction
Introduction
PDF – 105 Why Budget
105 Why Budget
PDF – 110 Budget Problems
110 Budget Problems
Multiple Choice 1
Accounting Comic Break
Managerial Accounting Overview
2 Managerial Accounting Overview
PDF – 10 Managerial Accounting Introduction
10 Managerial Accounting Introduction
PDF – 20 Cost Classifications
20 Cost Classifications
PDF – 30 Product Costs & Period Costs.
30 Product Costs & Period Costs.ENCODING
PDF – 40 Prime Costs & Conversion Costs
40 Prime Costs & Conversion Costs
PDF – 50 Manufacturer’s Balance Sheet
50 Manufacturer’s Balance Sheet
PDF – 60 Manufacturer’s Income Statement
60 Manufacturer’s Income Statement
PDF – 70 Manufacturing Activities Flow
70 Manufacturing Activities Flow
PDF – 80 Just In Time (JIT) Manufacturing
80 Just In Time (JIT) Manufacturing
PDF – 90 Job Cost Vs Process Cost
90 Job Cost Vs Process Cost
Multiple Choice 2
Accounting Comic Break
Budget Timing and Budget Committee
3 Budget Timing and Budget Committee
PDF – 115 Budget Timing
115 Budget Timing
PDF – 120 Budget Committee
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120 Budget Committee
Accounting Comic Break
