Managerial Accounting

  1. Master Budgeting
    1. Budgeting Fundamentals
      1. Purposes of Budgeting
        1. Planning Function
          1. Coordination Function
            1. Communication Function
              1. Performance Evaluation
              2. Budget Period
                1. Annual Budgets
                  1. Quarterly Budgets
                    1. Rolling Budgets
                    2. Participative vs Imposed Budgets
                    3. Master Budget Overview
                      1. Components of Master Budget
                        1. Operating Budget
                          1. Financial Budget
                          2. Budget Preparation Sequence
                            1. Budget Committee Role
                            2. Operating Budget Preparation
                              1. Sales Budget
                                1. Sales Forecasting Methods
                                  1. Sales Volume Estimation
                                    1. Sales Revenue Calculation
                                    2. Production Budget
                                      1. Production Requirements
                                        1. Beginning and Ending Inventory
                                          1. Production Scheduling
                                          2. Direct Materials Budget
                                            1. Materials Requirements
                                              1. Materials Purchases
                                                1. Materials Inventory Planning
                                                2. Direct Labor Budget
                                                  1. Labor Hours Requirements
                                                    1. Labor Rates
                                                      1. Total Labor Costs
                                                      2. Manufacturing Overhead Budget
                                                        1. Variable Overhead Costs
                                                          1. Fixed Overhead Costs
                                                            1. Overhead Rate Calculation
                                                            2. Ending Finished Goods Inventory Budget
                                                              1. Unit Cost Calculation
                                                                1. Inventory Valuation
                                                                2. Selling and Administrative Expense Budget
                                                                  1. Variable Selling Expenses
                                                                    1. Fixed Selling Expenses
                                                                      1. Administrative Expenses
                                                                    2. Financial Budget Preparation
                                                                      1. Cash Budget
                                                                        1. Cash Receipts Schedule
                                                                          1. Collections from Sales
                                                                            1. Other Cash Receipts
                                                                            2. Cash Disbursements Schedule
                                                                              1. Materials Purchases
                                                                                1. Labor Payments
                                                                                  1. Overhead Payments
                                                                                    1. Other Cash Payments
                                                                                    2. Cash Excess or Deficiency
                                                                                      1. Financing Requirements
                                                                                      2. Budgeted Income Statement
                                                                                        1. Revenue Components
                                                                                          1. Cost Components
                                                                                            1. Net Income Calculation
                                                                                            2. Budgeted Balance Sheet
                                                                                              1. Asset Components
                                                                                                1. Liability Components
                                                                                                  1. Equity Components

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                                                                                              6. Cost-Volume-Profit Analysis

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                                                                                              8. Standard Costs and Variance Analysis