
- •Передмова
- •Unit III. Power Engineering
- •Unit IV. Accounting and audit
- •Text 2. The life cycle of a plant
- •Text 3. The origin and composition of soil
- •Text 4. Drainage and irrigation
- •Text 5. Manures and fertilizers
- •Text 6. The control of weeds and plant disease
- •Text 2. Stocker Program
- •Text 3. Cattle Utilize Pasture Crops
- •Text 5. Choice of Animals for the Commercial Herd
- •Text 6. Significant Features of Ruminant Nutrition
- •Text 7. Opportunities from poultry processing
- •Text 8. Packaging
- •Text 9. Freezing
- •Text 4. Conductors and Insulators
- •It should be taken into consideration that most materials change the value of resistance when their temperature changes.
- •Text 5. Components of Electric Circuits
- •Text 6. Electric lines and their efficiency
- •Text 7. Transmission Lines
- •Indoor lines include conductors, cords, and buses. The conductor may include one wire or a combination of wires not insulated from one another. They deliver electric current to the consumers.
- •Text 2. Accounting Careers
- •Text 3. Accounting and the needs of internal stockholders
- •Text 4. The accounting information system
- •Text 5. Business activities
- •Text 7. Customers and the quantity demanded and competitors and the quantity supplied
- •Text 8. What Are the Costs of Budgeting?
- •Text 9. What Are Budgetary Strategies?
- •Text 10. What types of budgets do companies prepare?
Text 10. What types of budgets do companies prepare?
The type of budgets prepared by a particular company depends on the time horizon and the nature of the business activities under consideration. The time horizon considered is a continuum between strategic and operational budgets, while the nature of the business activities determines whether there is a need for a project or master budget.
A strategic budget, also known as a forecast, is typically prepared for a 5- to 10-year period. This type of budget considers the long-term planning of the company and is usually more general in nature than an operating budget. A strategic budget considers questions such as: Should the company expand its product lines? Should it change its inventory policy? Should the company expand its markets?
In contrast, an operational budget is prepared for a much shorter period of time, typically, a year or less. An operational budget is more specific than the strategic budget. It considers questions such as: How many units should the company produce this year? How much does the company expect to spend on material purchases this year? How much labor cost is expected this year? Operating budgets are related to strategic budgets because the operating budget is the current plan for achieving the long-term goals and objectives of the company.
Project budgeting is the process of ascertaining the specific resources provided by, and needed for, a specific project or activity. Often companies need to budget a particular project to determine whether it should be undertaken or to determine a bid price in a contracting situation. A company uses a project budget to determine what subset of the company's resources is necessary to complete the project. A project budget may be long term or short term in duration, but it considers only the resources required for one particular project.
In contrast, master budgeting is the process of compiling all the budgets prepared during the revenue, conversion, and expenditure cycles that culminates with the cash budget and pro forma financial reports. The sales budget is related to the production budget, selling and administrative costs budget, and cash receipts schedule as well as the pro forma financial reports. The production budget, in turn, is related to the direct materials budget as well as the direct labor and manufacturing overhead budget. These budgets, in turn, are related to the cash disbursements schedule and the pro forma financial reports. The selling and administrative costs budget, which flows from the sales budget, is related to the cash disbursements schedule and the pro forma financial reports. Finally, the cash receipts and cash disbursements schedules along with the planned financing and investing cash flows become input for the cash budget and the related amount shown on the pro forma balance sheet.
Література:
Ainsworth D. Introduction to Accounting: An Integrated Approach. – V.1. Chapters 1-13, 1997/ - 480 p.
Snapp R. Beef Cattle – 5 ed., 1998. – 684 p.
Aнглийский язык для студентов энергетических специальностей: Учеб. пособие/ А.Л.Луговая. – 5-е изд., стер.– М.: Высш. шк., 2009. – 150 с.
Meat international/ The worldwide magazine on meat trade and technology. – 2005, V. 15, T. 1-3.
www. AgriWorld.nl