Budgeting and Forecasting

Proforma income statements often are used as planning tools and financial analysis. They usually are based on past information. But they can be drawn by estimating and making assumptions based on figures and results in other, similar situations.

Proforma income statements project expenses and revenue into the future for a specified number of quarters or years. They often are created for making significant decisions, such as launching a new product line, expanding production, considering a merger, etc.

For more information, go to aaupwiki.princeton.edu/index.php/Proforma_Financial_Statement.

The key to a successful financial reporting system is an operating budget in order to compare your actual operating results. Managers use the operating budget for planning in setting goals and developing strategies to achieve those goals. Budget will demonstrate how resources will be developed to implement strategy. Managers use the operating budget for strategy, long-run planning strategic plans, long-run budgets, short-turn planning operating plans, and short-run budgets. The operating budget will aid management for a specific period and [b] an aid to coordinating that needs to be done to implement that plan.

What are theFinancial and non financial factors to be considered in international capital budgeting

The cost of revenue is the cost to produce a product. Operating expenses are expenses that have to be paid in order to stay in business like rent, utilities, etc.

The budgeting process as it relates to film budgets entails a screenplay breakdown whereby a skilled and experienced line producer or unit production manager analyzes the movie script for its various parts: costumes, animals, vehicles, locations, etc. and generates a document called a script breakdown.

Film Scheduling

From the script breakdown the filmmaker generates a strip board which is a collection of "strips" which represent each scene of the film's screenplay. The shooting order for the film greatly affects the budgeting and therefore experience is used to arrange in such a manner that is most efficient for the film budgets required to be created.

Film Budgets

Film budgets are then able to be created with the knowledge and information derived from the work done in preparation of the budgeting for the film. Movie budgets require extensive experience and know how and at this stage the film budget is custom created for a movie account by account and category by category (i.e. line by line) to detail with an understanding of the cost of materials, labor, goods and services all of which are required to work in harmony during the course of the film production itself.

Budgeting

Budgeting for other industry sectors likewise has its own unique characteristics and requires the knowledge of an expert in the specific field whom has experience to bring to the project.

The difference between immigration and emigration in a certain area during a specific time frame, and the difference between DIPS AND DIPPETS! hahaha

The Chartered Accountants are entrusted with substantial responsibility under various legislation such as compulsory audit of the all companies, banks, stock brokers, big income-tax assesses, large bank borrower, etc. This shows the confidence and trust reposed by the Government and society in the profession.

A Chartered accountant is one who is specialized in accounting, auditing and taxation. He also serves as a management and corporate caretaker. In recent times, accountancy has become popular as a profession. The services of a CA are required in money matters even in a small business. Moreover according to the Company Act only CA's in professional practice are allowed to be appointed as auditors of companies in India. A chartered accountant is a person who is accepted as a member of the Institute of Chartered Accountants of India (ICAI) after having passed the Final examination of the Chartered accountancy course conducted by the institute.

To know more about Chartered Accountant, visit this source in the Related Link below.

*total your income

*figure out how much money you are spending.

*categorize your expenses to show where your money goes.

*determine if your expenses are above or below your income.

*reduce expenses in flexible categories to save or increase savings

Some companies can generate cash so quickly they actually have a negative working capital.Some extremely efficient companies, such as Wal-Mart, can have negative working capital because they sell goods on the shelf faster than they pay the vendor for the merchandise

Depends completely on the size and complexity of your company. I have seen many small businesses with less than 8 employees pay as little $50-100 per month. If you get quoted prices higher than that look in the local newspapers. Bookkeepers are usually accountants by day and bookkeepers by night. The work they do is 90% automated. They just key the numbers in the right spots and print out a page. Of course you will have to put all your business receipts in a box or mail it to them. My sister owns a beauty salon, pays $35/month and hasn't seen the bookkeeper unperson in over 5 years.

The role of a database, in any application, is to provide data storage.

The statement of cash flows replaced the statement of changes in financial position in 1987 as a required financial statement for all publically traded business enterprises.

power to run production equipment.

A type of cost-benefit decision making that compares the extra benefits to the extra costs of an action

Total Sales = 60000

Units sold = 20000

selling price per unit = 3

Variable cost per unity = 30000 / 20000 = 1.5

Contribution margin per unit = 3 - 1.5 = 1.5

The scope of a chartered accountant in Canada is that he can serve in all the states of Canada and most of the commonwealth countries as well.

Nhlanhla Yende

One type of household budget is a budget that has all the expenses and income. Another type of budget is for saving up for a major purchase, like a house or car.

It would be expected to decrease. Due to the spreading out of cost over a larger production level. The confusion comes when thinking of cost verses sale price. Although cost may decrease the consumer may not see a decrease in the price and thus the manufacture has a higher gross margin per unit.

The market value of a firm's equity increases, the cost of capital decreases.

When u want somthing u dont neccassry need it so if its high priced it might put a dent in yo savings or pudget but if u need it then u shouldve alredy put it in your budget so you are saved from that lil dent I was talkin bout.... There it is hands down

Breakeven is when Sales minus Variable Cost minus Fixed Cost = 0

Here we have:

(20,000 x 4.00) - (20,000 x 2.50) - FC = 0

80,000 - 50,000 - FC = 0

30,000 - FC = 0

So Fixed Cost = 30,000