The objective of this course is to familiarize the students with various concepts of budgets and to learn different methods of preparing various types of budgets.
Course |
Learning Outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Paper Code |
Paper Title |
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ABF 302 |
Business Budgeting |
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Approach in teaching: Interactive Lectures, Discussion, Tutorials, Reading assignments, Demonstration
Learning activities for the students: Self learning assignments, Effective questions, Seminar presentation, Giving tasks
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects |
• Terminology of Budgets, procedure,
• significances & limitations of budgeting.
• Budgetary control: Meaning, features,
• Process of Budgetary Control
• Classification of Budget,
• Methods of preparing flexible budgets,
• difference between fixed and flexible budget.
• Functional Budgets: Meaning,
• Procedure for preparation ofSales Budget
• Production Budget, Material budget,
• Master Budget and Cash Budget,
• Difference between cash budget and finance budget
• Meaning, Objectives of Standard Costing,
• Difference between budgetary control and standard costing.
• Establishment of a standard costing system.
• Analysis of Budget variances: Meaning,
• objectives of variance analysis.
• Material, Labour variances, Sales variance
• Origin, Concept, Advantages & Limitations
• Performance Budgeting:
• Meaning, Features, Importance & limitations
• 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
• 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