AS - Level Business Studies (Theme 2) Flashcards on Budgeting, created by Charlotte Summerly on 07/03/2016.
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Created by Charlotte Summerly
over 8 years ago
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Created by Charlotte Summerly
over 8 years ago
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What is budgeting?
Purpose of budgeting
Sales volume budgets
Production cost budget
Sales revenue budget
Expenditure budgets
Profit budgets
Flexible budgets
Operating budgets
How to decide on a budget
Historical budgeting
Zero-based budgeting
Benefits of zero based budgeting
Limitations of zero based budgeting
Benefits of budgeting
Limitations of budgeting
What is variance analysis?
Variance formula
Favourable variances
Adverse variances
What are the causes of favourable variances?
What are the causes of adverse variances?
External factors
Internal factors
How is variance analysis used?
