AFM: Concepts and Practice · Part D: Taxation and Fundamentals of Costing

Chapter 24: Budgets and budgetary control

How a firm and a bank branch plan in numbers, budget their cash, and read actual results against a flexible budget.

Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.

In this chapter

• 24.1Budgetary controlp. 325
• 24.2Functional budgetsp. 326
• 24.3The cash budgetp. 327
• 24.4Fixed and flexible budgets; variancesp. 328
• 24.5Other budgets; a branch’s budgetp. 329
• Exam traps and quick checksp. 330
• Practice: 16 questions in three roundsp. 331
• Answers, with every wrong option explainedp. 333
• Make it stickp. 335
• Chapter 24 on one pagep. 336

Corrections and updates

None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.