Accounting for Planning and Control

Accounting for planning:
o Master Budget and responsibility accounting
o Budgets and Budgeting cycle
o Advantages of budgets
o Activity based budgets
o Budgeting and responsibility accounting

Accounting for control:
o Responsibility and controllability
o Flexible budgets and variances and management control
o The use of variances
o Static budget and flexible budget
o Benchmarking and Budget variance analysis