II.+Module+6000+Topic+Outline

=II. Module 6000 Topic Outline ldm=

**I. Budgeting**

**II. The Master Budget and The Production Budget**

A. Operating budgets

i. Sales budget ii. Production budget iii. Direct materials purchases budget iv. Direct labor budget v. Overhead budget vi. Ending finished goods inventory budget vii. Cost of goods sold viii. Marketing expense budget ix. Research and development expense budget x. Administrative expense budget xi. Budgeted income statement


 * III. Flexible Budgets and Performance Analysis **

A. Planning and control

B. Static vs. flexible budgets

i. Static budgets ii. Flexible budgets

C. Creating a flexible budget

i. For varying activity levels ii. For actual activity level

D. Advantages of flexible budgeting


 * IV. The Financial Budget **

A. Relationship between the master budget and the financial budget

B. Financial budgets

i. Budget for capital expenditures ii. Cash budget iii. Budgeted balance sheet iv. Budgeted statement of cash flows

**V. Cash Flow**

A. Cash flow budget

B. Components of cash flow budget

i. Total cash available ii. Cash disbursements iii. Cash excess or deficiency iv. Financing v. Cash balance

C. Creating the cash flow budget


 * VI. Activity Based Budgeting **

A. Building an activity based budget


 * VII. Behavioral Dimension of Budgeting **

A. Good budgeting systems

i. Feedback ii. Incentives iii. Participative budgeting iv. Realistic Standards v. Cost Control vi. Performance Measures