Learn Budgeting Financial Report Timeline

Science Literature

1. Budgeting Learn today: Slide Make By Budi Santoso Pangaribuan

2. You always wanted to master the budgeting process in finance? Here is what you need to know: 1. Set expectations with management Plan sales Operational plan Plan resources Compute standard costs <#>

3. 6. Plan Overhead 7 . Transform budget into Financial Statements

4. Implementation of strategy Profitability Growth Lessons learned from the past 1. Set expectations:

5. Choose the most appropriate method Plan with sufficient details to be able to run analysis Pay attention to factors impacting changes Prepare what if analysis with impact on resources and profitability Plan Sales Ensure accuracy of phasing

6. 3. Operational Plan Plan production Plan workload Plan delivery

7. 4. Plan resources Plan direct headcounts & capacity Plan material needs Plan investments

8. Compute : Direct labor : hours/unit and hourly rate Material: quantity & price Manufacturing overhead allocation 5. Compute standard costs

9. 6. Plan overhead Department budget Allocations of overhead costs

10. 7. Translate budget into Financial Statements Income Statement Balance Sheet Cash Communicate of targets and results

11. Consistency Bonus: Role of Finance Coordination Documentation Communication of targets and results