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Lecture Managerial accounting (14/e) - Chapter 8: Profit planning
This chapter focuses on the steps taken by businesses to achieve their planned levels of profits - a process called profit planning. Profit planning is accomplished by preparing numerous budgets, which, when brought together, form an integrated business plan known as a master budget.
13 p fbu 23/06/2016 160 2
Từ khóa: Managerial accounting, Lecture Managerial accounting, Financial statement, Profitability analysis, Profit planning, Responsibility accounting
Learning objectives of this chapter include: Describe the budgeting process and the benefits it provides; explain the relationship between budgeting and human behavior; prepare a sales budget and related schedule of cash receipts; prepare an inventory purchases budget and related schedule of cash payments;...
15 p fbu 23/06/2016 165 2
Từ khóa: Survey of accounting, Lecture Survey of accounting, Accounting for cash, Accounting cycle, Planning for profit, Cost control
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