Intro to Managerial Accounting: Financial Budgets - C6 - Professor Savita Sahay

Описание: Introduction to Managerial Accounting
Financial budgets
Chapter 6
Professor Savita Sahay

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TIME STAMPS

Financial Budgets (overview): 0:10

Cash Budget (explained): 1:07

Cash Budget Example: 1:54

Cash Collection Schedule and Sales Budget: 2:44

Cash Payments Schedule and Direct Materials Budget: 4:56

Cash Budget (illustration): 6:06

Budgeted Income Statement: 9:13

The Budgeted Balance Sheet: 10:10

Budgeted Balance Sheet Example: 10:35

Financial Budgets are projections of financial results for an accounting period. They include the cash budget (a projection of the cash an organization will receive and the cash it will pay out in an accounting period), the budgeted income statement (projects an organization's net income in an accounting period based on revenues and expenses estimated for that period), the capital expenditures budget (a detailed plan outlining the anticipated amount and timing of capital outlays for long-term assets in an accounting period), and the budgeted balance sheet (projects an organization's financial position at the end of an accounting period).

The cash budget summarizes the cash flow prospects of all transactions considered in the master budget. The information that it provides enables managers to plan for short-term loans when the cash balance is low, and short term investments when the cash balance is high. Organizations may maintain a minimum cash balance to cover unusual expenditures. Supporting schedules include the schedule of expected cash collections from customers and the schedule of expected cash payments for direct materials. It excludes some planned noncash transactions such as depreciation expense, and gains and losses on sales of assets.

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