ACC 206 Week 5 Discussion 1 | Assignment Help | Ashford University
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- 20 Jan 2020
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ACC 206 Week 5 Discussion 1 | Assignment Help | Ashford University
Budgets
Prior to beginning
work on this discussion, read Chapter 22 in the textbook. In
addition, the MyLab materials listed in the Recommended Resources section this
week may provide more in-depth information for this discussion (optional).
Write: Make sure your response addressing the prompt
is more than 200 words and that you include an in-text citation or a brief
quote from the reading material where appropriate.
A budget is a financial plan that managers use
to coordinate a business’s activities. Budgeting provides a plan for the
company’s future. The budgeting process coordinates a company’s activities
requiring managers at all levels to work together. Budgeting also provides a
benchmark that helps managers evaluate performance.
A master budget is a set of budgeted financial
statements and supporting schedules. Budgets contain budgeted information, not
actual amounts. The master budget contains three types of budgets, operating,
capital expenditures and financial budgets.
In your post,
·
Explain each of the
operating budgets, sales, production, direct materials, direct labor, manufacturing
overhead, cost of goods sold, and selling and administrative expenses.
·
Explain the capital
expenditures and the financial budgets.
Guided Response: Respond to at least two of your classmates by
commenting on their posts. Though two replies are the basic expectation for
class discussions, for deeper engagement and learning you are encouraged to
provide responses to any comments or questions others have given to you.
Continuing to engage with peers and the instructor will further the conversation
and provide you with opportunities to demonstrate your content expertise,
critical thinking, and real-world experiences with the discussion topics.
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