What is a Budget?<br />A budget is a road map of where you want to go and how you expect to get there.<br />Budgets are us...
Purpose of Budgets<br />Planning<br />Communication<br />Motivation<br />Control and Evaluation<br />
Some of the major advantages of budget planning are:<br />
Budgeting flow:<br />
Budgetary Planning<br />Budgeting Basics<br />Preparing the Operating Budgets<br />Preparing the Financial Budgets<br />Bu...
THE ACTIVITY BASED BUDGET PROCESS<br />Determine Programs and Activities<br />Budget Expenses <br />Budget Revenues<br />A...
Participative Budgeting<br />Illustration 23-1<br />Flow of budget data from lower management to top levels<br />SO 2:  St...
The Master Budget - Components<br />Illustration 23-2<br />SO 3:  Identify the budgets that comprise the master budget.<br />
Five Principles of Cash Management<br />Illustration 7-13<br />
Sources of Finance, Capital Structure,Capital Budgeting Case Period:2008-2009Pub. Date:2009Teaching AvailableOrganization:...
                    Thank you<br />
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  1. 1.
  2. 2. What is a Budget?<br />A budget is a road map of where you want to go and how you expect to get there.<br />Budgets are used for:<br />Board Oversight<br />Goal Focus<br />Financial Control<br />
  3. 3. Purpose of Budgets<br />Planning<br />Communication<br />Motivation<br />Control and Evaluation<br />
  4. 4. Some of the major advantages of budget planning are:<br />
  5. 5.
  6. 6. Budgeting flow:<br />
  7. 7. Budgetary Planning<br />Budgeting Basics<br />Preparing the Operating Budgets<br />Preparing the Financial Budgets<br />Budgeting in Non-Manufacturing Companies<br />Budgeting and accounting<br />Benefits<br />Essentials of effective budgeting<br />Length of budget period<br />Budgeting process<br />Budgeting and human behavior<br />Budgeting and long-range planning<br />The master budget<br />Sales<br />Production<br />Direct materials<br />Direct labor<br />Manufacturing overhead<br />Selling and administrative expense<br />Budgeted income statement<br />Merchandisers<br />Service<br />Not-for-profit<br />Cash<br />Budgeted balance sheet <br />
  8. 8. THE ACTIVITY BASED BUDGET PROCESS<br />Determine Programs and Activities<br />Budget Expenses <br />Budget Revenues<br />Assemble Draft Budget<br />Review and Modify Draft Budget<br />Present Budget Draft for Board Approval<br />Monitor and Amend Budget<br />
  9. 9. Participative Budgeting<br />Illustration 23-1<br />Flow of budget data from lower management to top levels<br />SO 2: State the essentials of effective budgeting.<br />
  10. 10. The Master Budget - Components<br />Illustration 23-2<br />SO 3: Identify the budgets that comprise the master budget.<br />
  11. 11. Five Principles of Cash Management<br />Illustration 7-13<br />
  12. 12. Sources of Finance, Capital Structure,Capital Budgeting Case Period:2008-2009Pub. Date:2009Teaching AvailableOrganization:Tata Motors Industry:AutomobilesCountries:UK/India<br />Issues:<br />» Understand acquisition of JLR as an example of Tata Motors' inorganic growth strategy.» Understand the impact of macroeconomic factors on the global automobile industry.» Understand the implications of global credit crisis on the availability of funds for corporate.» Analyze different modes of finance available to finance cross border acquisitions.<br />
  13. 13. Thank you<br />

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