Tài chính kế toán - Chapter 5: Budgeted financial statements

Chapter 5Budgeted financial statements1Copyright  2003 McGraw-Hill Australia Pty LtdPPTs t/a Budgeting, second edition, by Banks & GilibertiSlides prepared by Mya AronfeldBudgeted financial statementsStatement of financial performanceStatement of financial positionCash flow statement The above budgets summarise the forecasts made in all other budgets.2Copyright  2003 McGraw-Hill Australia Pty LtdPPTs t/a Budgeting, second edition, by Banks & GilibertiSlides prepared by Mya AronfeldBudgeted statement of financial performance is a summary of the following budgetsSales and/or fees Cost of goods sold Operating expensesmarketingadministrationfinancialThis budget is not affected by GST accounts.3Copyright  2003 McGraw-Hill Australia Pty LtdPPTs t/a Budgeting, second edition, by Banks & GilibertiSlides prepared by Mya AronfeldBudgeted statement of financial positionThis budget is prepared from asset, liability and owners equity accounts.If GST payable is >GST input tax credits, the net GST payable is shown as a current liability.If GST payable is input credits receivable in the relevant period the resultant amount is paid to the ATO.If the GST payable is <input credits receivable in the relevant period the resultant amount will be refunded by the ATO.6Copyright  2003 McGraw-Hill Australia Pty LtdPPTs t/a Budgeting, second edition, by Banks & GilibertiSlides prepared by Mya AronfeldThe budgeted cash flow statement is divided into 3 main categories Operating activities: provision of goods and services. Investing activities: acquisition and disposal of non-current assets. Financial activities: changes to the financial structure of the business.7Copyright  2003 McGraw-Hill Australia Pty LtdPPTs t/a Budgeting, second edition, by Banks & GilibertiSlides prepared by Mya AronfeldClassification of cash  inflows outflowsCreditors for interestSale of G &SOther expensesSuppliers of stock employeesOperating activitiesDividends receivedInterest receivedGovernmentFor taxes8Copyright  2003 McGraw-Hill Australia Pty LtdPPTs t/a Budgeting, second edition, by Banks & GilibertiSlides prepared by Mya AronfeldClassification of cash  inflows outflowsCollection of loansSale ofnon-currentassetsGivingloansPurchase of non-currentassetsInvestingactivities9Copyright  2003 McGraw-Hill Australia Pty LtdPPTs t/a Budgeting, second edition, by Banks & GilibertiSlides prepared by Mya AronfeldClassification of cash  inflows outflowsSale of sharesBorrowingsFinancingactivitiesBuy back sharesPay dividendsRepaydebt10Copyright  2003 McGraw-Hill Australia Pty LtdPPTs t/a Budgeting, second edition, by Banks & GilibertiSlides prepared by Mya AronfeldBudgeted statement of cash flows for period ended...Cash flows from operating activities:Net cash inflow (outflow) from operating activitiesCash flows from investing activities:Net cash inflow (outflow) from investing activities$ $Cash flows from financing activities:Net cash inflow (outflow) from financing activitiesNet increase (decrease) in cash heldCash at beginning of periodCash at end of period11Copyright  2003 McGraw-Hill Australia Pty LtdPPTs t/a Budgeting, second edition, by Banks & GilibertiSlides prepared by Mya Aronfeld