Annual Budget Preparation

1
Annual Budget Preparation

• Annual operating budgets
• Sales budget number of units sold
• Production budget output and inventory
• Direct materials budget materials used
• Direct labor budget labor used
• Other budgets selling and administrative
• Prepare cash budget
• Other annual budgets and statements
• Capital expenditure budget
• Prepare budgeted cash flow statement
• Prepare budgeted income statement
• Prepare budgeted year end balance sheet

2
Sales Budget
Production Budget
Direct Materials Budget
Direct Labor Budget
Overhead Budget
Selling and Administrative Expense Budget
Budgeted Income Statement
Budgeted Cash Flow Statement
Capital Expenditure and Cash Budgets
Budgeted Balance Sheet