dimensions ofbuget
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The document discusses the key components and importance of budgeting. It defines a budget as an estimate of costs, revenues, resources, and goals over a specified time period. Budgeting ensures that money is available for needs and priorities by balancing expenses with income. The benefits of budgeting include avoiding failure, establishing coordination, and acting as a safety signal. Components of a budget include sales, production, direct materials purchase, labor, and factory overhead budgets.
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job satisfaction in menetaSonali Kukreja
油
The document is a study on employee job satisfaction at Meneta Automotive Components Pvt. Ltd. that examines factors influencing job satisfaction through a questionnaire distributed to employees and an analysis of their responses. It provides background on the organization and concept of the project, describes the research methodology used in the study, presents an analysis of the collected data, and offers conclusions and recommendations.What is company
What is companySonali Kukreja
油
This document provides definitions and explanations of various types of companies under UK law, including:
1) Private companies limited by shares, which make up the majority of trading companies and provide limited liability for owners.
2) Public limited companies (PLCs) which must have a minimum share capital and are the only type that can offer shares to the public.
3) Other types like property management companies, companies limited by guarantee for non-profits, unlimited companies, and limited liability partnerships (LLPs).
The document explains the key characteristics and legal requirements for each type of company in detail with examples.dimensions ofbuget
- 1. Dimensions of budget Sonali BBA/13/913 Tuesday, December 29, 2015
- 2. What is budget and budgeting Why is budgeting so important? Functions and benefits of budget Components of budget Contents Tuesday, December 29, 2015 2
- 3. What is budget? Estimate of Costs , Revenues, Resources, Over a specified time period, reflecting a reading of future financial conditions and goals. Tuesday, December 29, 2015 3
- 4. Budget also serves Plan of action for achieving quantified objectives. Standard for measuring performance. Tuesday, December 29, 2015 4
- 5. What is budgeting? Budgeting is the process of creating a plan to spend money. Tuesday, December 29, 2015 5
- 6. Balancing your expenses with the income. Tuesday, December 29, 2015 6
- 7. Why is budgeting so important? It ensures that you will always have enough money for the things you need and things that are important to you. Tuesday, December 29, 2015 7
- 8. Functions of budget Corrective measures Give managers pre approval for execution of spending plans Allows managers to provide forward looking guidance to Investors Creditors Tuesday, December 29, 2015 8
- 9. Benefits of budget Avoid failure Translate general plan into specific action oriented goals and objectives. Provides a detailed script to coordinate of the individual parts to work. Established coordination It act as a safety signal Tuesday, December 29, 2015 9
- 10. Components of budget Tuesday, December 29, 2015 10
- 11. Sales budget Reflects forecasted sale volume and is influenced by previous sales pattern, current and economic budget is complemented by an analysis of the resulting cash collections. Tuesday, December 29, 2015 11
- 12. Production budget A purchases budget contains the amount of inventory that a company must purchase during each budget period. The amount stated in the budget is the amount needed to ensure that there is sufficient inventory on hand to meet customer orders for products. Number of unit sold + closing stock Tuesday, December 29, 2015 12
- 13. Direct material purchase budget The basic calculation used by the direct materials budget is: + Raw materials required for production + Planned ending inventory balance = Total raw materials required - Beginning raw materials inventory = Raw materials to be purchased Tuesday, December 29, 2015 13
- 14. Labor budget The direct labor budget is used to calculate the number of labor hours that will be needed to produce the units itemized in the production budget. A more complex direct labor budget will calculate not only the total number of hours needed, but will also break down this information by labor category. Tuesday, December 29, 2015 14
- 15. Factory overhead budget Factory overhead is the costs incurred during the manufacturing process, not including the costs of direct labor and materials. Tuesday, December 29, 2015 15