Chapter 14

Budgetary Planning and Control

ESSENTIAL QUESTIONS

What information needs to be gathered prior to preparing a budget? How is a budgeted income statement prepared? How in a cash budget prepared? How is a performance report prepared?

TERMS FOR CHAPTER 14

-budgeting -budget -budget period -comparative income statement -sales budget schedule -purchases budget schedule -selling expenses budget schedule

-administrative expenses budget schedule -other revenue and expenses budget schedule -budgeted income statement -cash receipts budget schedule -cash payments budget schedule -cash budget -performance report

ASSIGNMENTS

Define Terms for the Chapter Budget Planning Read pp. 388-392 1) View Power Point presentation intro and 14-1 2) Briefly summarize the three functions of a budget. (due 11/18) 3) Work on Study Guide 14 November 18 Budgeted Income Statement Read pp. 393-401 1) View Power Point presentation 14-2 2) Complete Application Problem 14-1 & 14-2 pp. 410-411 (due 11/21) 3) Continue to Work on Study Guide 14 November 19-21 Cash Budgets and Performance Reports Read pp. 402-409 1) View Power Point presentation 14-3 2) Complete Application Problem 14-3 pp. 411-412 (due 11/25) 3) Complete Study Guide 14 (due 11/25) November 24-25

Complete Mastery Problem 14-4 and Challenge Problem 14-5 pp. 412-413 (due 12/5) December 2-5 Additional Chapter exercises Chapter Fourteen Internet Activity Accounting in Your Career p. 387 Explore Accounting p. 409 Due December 9