Larry Walther, Ph.D., CPA, CMA, is the EY Professor of Accounting and Senior Associate Dean of the Jon M. Huntsman School of Business at Utah State University. Dr. Walther has authored numerous books and articles on accounting, and he has served as director and/or consultant to a number of public and...
This book is the twelfth of fifteen books which introduces the basic principles of accounting. In this book you will learn about using budgeting to plan for success. The importance of budgeting is emphasized, while focusing on the process and human behavior. Various forms of budgets are introduced. The major managerial budgets are presented, including: sales, production, direct materials purchases, direct labor, factory overhead, selling and administrative expense, and cash. Budget financial statements are also discussed.