Professional Documents
Culture Documents
Flexible Budgets and Performance Analysis
Flexible Budgets and Performance Analysis
Flexible Budgets and Performance Analysis
Performance Analysis
Chapter 9
PowerPoint Authors:
Susan Coomer Galbreath, Ph.D., CPA
Charles W. Caldwell, D.B.A., CMA
Jon A. Booker, Ph.D., CPA, CIA
Cynthia J. Rooney, Ph.D., CPA
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.
9-2
Larry’s Budget
9-5
To
To answer
answer thethe question,
question,
we
we must
must
the
the budget
budget toto the
the
actual
actual level
level of
of activity.
activity.
9-9
Activity Variances
Flexible Planning
budget revenues budget revenues
and expenses and expenses
Activity Variances
Larry’s Flexible Budget Compared with the Planning Budget
9-13
The
The most
most common
common errors
errors when
when preparing
preparing performance
performance
reports
reports are
are to implicitly
implicitly assume
assume that:
that:
1.
1. All
All costs
costs are
are fixed,
fixed, or
or that;
2.
2. All
All costs
costs are
are variable.
variable.
End of Chapter 9