Tài chính kế toán - Chapter 2: Revenue budgets

Chapter 2Revenue budgets1Copyright  2003 McGraw-Hill Australia Pty LtdPPTs t/a Budgeting, second edition, by Banks & GilibertiSlides prepared by Mya AronfeldForecasting methodsQualitative methods: rely on attitudes, beliefs, feelings and experience.Jury of executive opinionSales force compositeDelphi techniqueMarket researchQuantitative methods: more objective, use mathematical models.Time serious modelsCausal models2Copyright  2003 McGraw-Hill Australia Pty LtdPPTs t/a Budgeting, second edition, by Banks & GilibertiSlides prepared by Mya AronfeldFactors affecting revenue budgetsPast sales levels for business and entire industry.General economic trends.Economic trends in the business’s industry.Climatic changes affecting industry.Political and legal events.Intended pricing policy.Planned advertising.Expected actions of competitors.Market research studies.3Copyright  2003 McGraw-Hill Australia Pty LtdPPTs t/a Budgeting, second edition, by Banks & GilibertiSlides prepared by Mya AronfeldTypes of revenue budgetsSales by product. Sales by product and period.Sales by area and period.Sales by product, area and period.Fees income by type of service.Sales and fees income by period.4Copyright  2003 McGraw-Hill Australia Pty LtdPPTs t/a Budgeting, second edition, by Banks & GilibertiSlides prepared by Mya AronfeldSale by productSales budget for the year ending June 30Type of biscuitSales volumekgSales price$Sales$Sweet HeartsCherry SurprisesChocolate Supremes Almond DelightsTotal sales $5Copyright  2003 McGraw-Hill Australia Pty LtdPPTs t/a Budgeting, second edition, by Banks & GilibertiSlides prepared by Mya AronfeldSales by product and periodSales budget for the quarter ending 31 MarchJanFebMarchTotalHot DogsSales volumeSelling price $Sales $PiesSales volumeSelling price $Sales $6Copyright  2003 McGraw-Hill Australia Pty LtdPPTs t/a Budgeting, second edition, by Banks & GilibertiSlides prepared by Mya AronfeldFees income budget for the quarter ended 30 SeptemberJulyAugSeptTotal Normal consultationsNo. of patientsFee per visit $Fees income $Home visitsNo. of patientsFee per visit $Fees incomeTotal fees income $7Copyright  2003 McGraw-Hill Australia Pty LtdPPTs t/a Budgeting, second edition, by Banks & GilibertiSlides prepared by Mya Aronfeld