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Chapter 13: Budgeting ACC 220 Accounting for Small Business

• An operating budget is a planning tool because it is a written plan for the future operations of an enter­prise congruent with the strategic planning objectives. For example, installation of new production facilities to make turbochargers for diesel engines represents a new program for an enterprise. Locating the facilities near a truck manufacturer and…

Budgeting Overview and Steps in the Budgeting Process

If, on the other hand, the budget is forced on them, the budget will probably be viewed as a threat. • Production and administration facilities can be designed to facilitate efficient operations by handicapped employees. Many of the production processes are amenable to wheelchair-bound employees. Since IMAX is a new company, the plant and administration…