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Рlanning

THE WEBSITE IS ABOUT MANAGERIAL ACCOUNTING. EXPLAINED IN PLAIN LANGUAGE. ABOUT ACCOUNTING WITH LOVE

How to draw up a corporate budget in terms of the subdivisions

Someday any large enterprise with the managerial accounting will need to draw up an expenditure budget for the subdivisions.   There are few ways of expenses planning if considering the work of the subdivisions, but I would like to mention one of them which I find the most effective and quite simple:   Economic Department distributes the form of the expenses plan for the period (month, quarter, year) to the heads of structural subdivisions. This form is similar to the form of the profit and loss account, but each expense item...

Operation plan for payments for the month

The easiest and the most required table in the business industry will be overviewed in this article. That is the operation plan for payments.The table itself can be of different sizes and types. Moreover, each company can make its table, which will match their needs. Now I will describe a variant of the table for the operation plan for the month. Operation plan for the month Let's overview it in detail.Line 2 "Current date" - this table automatically updates the current...

Operation plan for payments for a period, day, week, decade.

This is another version of the operation plan table (a continuation of the previous article about the operation plan).Operation plan for the period Table 1 Let's overview it in detail.Line 2 "Current date" - the current date automatically updates in this table in cell D2. Cell D3 "Beginning of the planned period" - you indicate the date of the beginning of the period here. Cell D4 "End of the planning period" - you indicate the date of the end of the period. When you...

Planning and budgeting

These terms had been confusing me for a long period of time, but then I realized that the budgeting is a type of planning. So many businesses doing what-they-call budgeting are actually involved in planning. It is a good idea as many enterprises do not consider planning at all. What is the difference between planning and budgeting? Actually, the difference lies in the centers of financial liabilities if we consider budgeting. In other words, the head of the department having approved...