Budgeting

Dr. Aayat Fatima

Budgeting

 Nature

 Uses

 Types
Budget preparing process
 Organization

 Issuance of guidelines

 Initial budget proposal

 Changes in external forces

 Changes in internal policies and practices

 Negotiation

 Review and Approval

 Budget revisions

 Contingency budgets
 Numericals

 Sales budget

 Production budget

 Cost of production budget

 Materials budget

 Direct labor budget

 Manufacturing overheads cost budget

 Selling and distribution overhead budget

 Cash budget
Sales budget
Production budget / Cost of production budget
Materials budget
Direct labor budget