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Kultur Dokumente
EMPIRE GLASS
COMPANY (A)
Group Members
Siti Fatimah Razak
Maslina Musa
Nurul Syafiqah Russain
Azmirah Md Jani
Hazlina Jamani
INTRODUCTION BUDGET
Budgeting is a process that consist of the
following stages :
RATIONALE
Submit preliminary report is important because this
process helps the forecasting function to be taken
seriously and helps the division managers get a
reasonably accurate estimate of the requirements of
capital, the sales during the year and the income to
be generated
In addition, by prepare the preliminary report can
reveals area where they are spending too much on
their yearly budget which is not so important to
them. Therefore, its can help division VP to manage
their funding well and refocus on their important
goals parallel with the organization objective
Price
Weather condition
RATIONALE
The purpose of forecasting is to prepare people and
businesses from losing money and to enhance human
comfort. Furthermore, good forecasts pay off
economically not by generating large sums of money
but rather by preventing the loss of a large sum of
money good forecasts help people plan their day more
efficiently and keep them more comfortable. In addition,
it is an essential tool for managers, drawn up over a
specific period of time, generally a year, and designed
to provide a month-by-month estimate of a business's
sales. By producing an accurate sales forecast can
enable you to identify problems threatening your
business and opportunities available to you, and
therefore help you plan for the future of the business.
RATIONALE
the four general objective in reviewing the
sales forecast are:
RATIONALE
The plant mgr should wish to acquaint on the
thinking behind the figures because this is
helpful which is when plant mgr come to
review that budget with top management,
they have the answer questions about the
budgets
The review is a way of giving guidance to the
plant managers in in determining whether
there are in line with what the company
needs to make in the way of profits
RATIONALE
NO !!
WHY ??
REASON..
Responsible for the cost that they have placed a budget and
variance in the cost of the production or quantity used.
THE END.