Business Budgeting

Paper Code: 
ABF 302
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

To familiarize the students with various concepts of budgets

8.00
Unit I: 
Business Budget and Budgeting

Business Budget and Budgeting: Terminology of Budgets and its procedure, Budgetary control, Meaning, features, process.

9.00
Unit II: 
Types of Budget

Types of Budget: Fixed and flexible budget, Meaning, Importance, Features and Difference between fixed and flexible budget.

10.00
Unit III: 
Functional Budgets

Functional Budgets: Sales Budgets, Production Budget, Production Cost Budget, Master Budget and Cash Budget.

9.00
Unit IV: 
Analysis of Budget variances

Analysis of Budget variances:

Material, Labour & Sale variances

8.00
Unit V: 
Zero Base Budgeting

Zero Base Budgeting: Origin, Concept, Advantages & Limitations

Performance Budgeting: Meaning, Features, Importance & limitations

Essential Readings: 

M.R. Agarwal, “ Business Budgeting” Garima Publications, Jaipur
Agarwal, Vijay, Surolia, “Business Budgeting” Ramesh Book Depot” New Delhi- Jaipur
S.N Maheshwari, “ Management Accounting and Control” Sultan Chand and Sons, New Delhi

References: 

M.Y.Khan and P.K.Jain, “Management Accounting” Himalaya Publishing House, New Delhi
Jawahar Lal, “ Accounting for Management” Himalaya publishing house, New Delhi.
Owswal, Sharma, “ Business Budgeting” Kailash Book Depot” Jaipur

Academic Year: 
2017-2018
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