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| | | | | Principles of Accounting , 2002 Edition
Belverd E. Needles, Jr., DePaul University
Marian Powers, Northwestern University
Susan Crosson, Santa Fe Community College
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| | Learning Objectives
Chapter 24: The Budgeting Process
- Define budgeting and explain its role in the management cycle.
- Describe the master budget process for different types of organizations, and list the guidelines for preparing budgets.
- Prepare a budgeted income statement and supporting operating budgets.
- Prepare a cash budget.
- Prepare a budgeted balance sheet.
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