Managing Finance and Budgets

1
Managing Finance and Budgets

• Seminar 10

2
Questions 1

• Describe the different forms of budgeting
• Describe briefly the main steps in the budgetary
  control process.
• Describe the relationship between the budgeted
  profit, the variances (favourable and adverse)
  and the actual profit.
• Describe the learning curve as it applies to
  the time taken for a company to produce one level
  of output as the level of output grows.

3
Different Forms of Budgeting
4
The budgetary control process
5
Relationship between the budgeted and actual
profit
6
The learning curve effect
Time taken per unit of output
Cumulative units of output