Business Budgeting is the overall budget plan of the activities of the company, which is expressed in units of (number) and within a certain time period to come.
The main elements in the budget:
1. Overall Plan, a determination of the activities carried out in the future.
2. Company's activities, covering all activities to be performed by all sections of the company.
3. Expressed in figures, is a unit that can be used on all company activities are manifold.
4. Certain period, is the whole of what-what will happen in the future.
There are two kinds of budgets (budget):
1. Strategic Budget, the budget is applicable to long term ie more than one accounting period (more than 1 year)
2. Tactical Budget, ialan budget policies for the short term, ie one accounting period or less.
Budget prepared by the compilers of the budgeting committe. Which consists of the holder of the main functions (Participative Budget).
The budget has three main uses are:
1. As a working guideline. The budget serves as a guide the work and providing direction and targets to be achieved by the activities of companies in the future.
2. As a means of coordination of work. With the budget of all the parts contained in the company can be mutually supportive and work well together, to go on a goal or goals set by the company.
The main elements in the budget:
1. Overall Plan, a determination of the activities carried out in the future.
2. Company's activities, covering all activities to be performed by all sections of the company.
3. Expressed in figures, is a unit that can be used on all company activities are manifold.
4. Certain period, is the whole of what-what will happen in the future.
There are two kinds of budgets (budget):
1. Strategic Budget, the budget is applicable to long term ie more than one accounting period (more than 1 year)
2. Tactical Budget, ialan budget policies for the short term, ie one accounting period or less.
Budget prepared by the compilers of the budgeting committe. Which consists of the holder of the main functions (Participative Budget).
The budget has three main uses are:
1. As a working guideline. The budget serves as a guide the work and providing direction and targets to be achieved by the activities of companies in the future.
2. As a means of coordination of work. With the budget of all the parts contained in the company can be mutually supportive and work well together, to go on a goal or goals set by the company.
3. As a means of supervision or control. The budget serves as a benchmark (comparison tool) to assess and evaluate the realization of the company's activities in the future.
On the other hand the budget also has drawbacks, among others:
1. Budget is just a tool.
2. Budget does not replace a management position.
Budgeting process:
• Finding the most difficult factor.
• Position the company in competition (Leader / Follower).
• Obtain accurate data.
• Expert.
How to serve:
• Figures accurate
• Informative
• Easy to see movement
Factors affecting the preparation of the budget are:
1. Internal factors are factors that exist within the company itself. Factors include the form of sales last year, company policy, working capital owned, labor-owned, company owned capacity, etc..
2. External factors are factors that exist outside the company but affect corporate life. Factors include the state of competition, the rate of population growth, income communities, community education, population distribution, religions, customs and habits of society, etc..
Budget, which both should cover all activities of the company, which is often called the Comprehensive Budget. Broadly speaking the contents of the Comprehensive Budget consists of:
1. Budget Forecasting, contains estimates of the activities of the company and the state (position) at a particular financial company in the future.
2. Budget Variables, contains about the rate of change or variability in costs, particularly costs that include the cost of "semi-variable" in connection with the company's productivity.
3. Analysis of Statistics and Mathematics Maid, which is used to make estimates and conducted an assessment (evaluation) in order to conduct surveillance work.
4. Budget Report, which reports on the realization of the implementation of the budget that is equipped with various analysis comparison between budget and realization that it can be seen that deviations occur and their causes, whether they are positive (beneficial) or negative (harmful), so can be deduced and follow-up that needs to be done immediately.
On the other hand the budget also has drawbacks, among others:
1. Budget is just a tool.
2. Budget does not replace a management position.
Budgeting process:
• Finding the most difficult factor.
• Position the company in competition (Leader / Follower).
• Obtain accurate data.
• Expert.
How to serve:
• Figures accurate
• Informative
• Easy to see movement
Factors affecting the preparation of the budget are:
1. Internal factors are factors that exist within the company itself. Factors include the form of sales last year, company policy, working capital owned, labor-owned, company owned capacity, etc..
2. External factors are factors that exist outside the company but affect corporate life. Factors include the state of competition, the rate of population growth, income communities, community education, population distribution, religions, customs and habits of society, etc..
Budget, which both should cover all activities of the company, which is often called the Comprehensive Budget. Broadly speaking the contents of the Comprehensive Budget consists of:
1. Budget Forecasting, contains estimates of the activities of the company and the state (position) at a particular financial company in the future.
2. Budget Variables, contains about the rate of change or variability in costs, particularly costs that include the cost of "semi-variable" in connection with the company's productivity.
3. Analysis of Statistics and Mathematics Maid, which is used to make estimates and conducted an assessment (evaluation) in order to conduct surveillance work.
4. Budget Report, which reports on the realization of the implementation of the budget that is equipped with various analysis comparison between budget and realization that it can be seen that deviations occur and their causes, whether they are positive (beneficial) or negative (harmful), so can be deduced and follow-up that needs to be done immediately.
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