Cambridge AS & A Level Accounting
4.3.1Budgeting and budgetary control
Budgeting and budgetary control in Cambridge AS & A Level Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic109 practice questions5 lessons
Learning objectives
What the syllabus expects you to be able to do.
- 4.3.1.1Explain the advantages and disadvantages of budgetary control and of using spreadsheets, the master budget, limiting factors and the behavioural aspects of budgeting.
- 4.3.1.2Prepare sales, production, purchases, labour, trade receivables, trade payables and cash budgets and budgeted statements of profit or loss and financial position.
- 4.3.1.3Prepare a flexible budget statement and statements reconciling flexible budgeted with actual cost of production and profit, explain differences and make recommendations.
Lessons
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Budgetary control: purpose, advantages and behavioural aspects
45 min
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Flexible budgets and comparing budget with actual
55 min
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Master budget: budgeted profit and financial position
60 min
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Sales, production, purchases, labour and working-capital budgets
55 min
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The cash budget
55 min
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Sample question
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