PPT - Fixed & Flexible Budgets B Com Notes | EduRev

Cost Accounting

Created by: Universal Academy

B Com : PPT - Fixed & Flexible Budgets B Com Notes | EduRev

 Page 2


What is budgeting 
Process of creating, planning and controlling to spend the 
money.
Importance of Budget
i. Ensured of money when needs.
ii. Always keep you out of debt.
iii. Avoid you to spend money on un necessary items 
and services.
Page 3


What is budgeting 
Process of creating, planning and controlling to spend the 
money.
Importance of Budget
i. Ensured of money when needs.
ii. Always keep you out of debt.
iii. Avoid you to spend money on un necessary items 
and services.
Role of Budget in Planning and   
Control.
Page 4


What is budgeting 
Process of creating, planning and controlling to spend the 
money.
Importance of Budget
i. Ensured of money when needs.
ii. Always keep you out of debt.
iii. Avoid you to spend money on un necessary items 
and services.
Role of Budget in Planning and   
Control.
Page 5


What is budgeting 
Process of creating, planning and controlling to spend the 
money.
Importance of Budget
i. Ensured of money when needs.
ii. Always keep you out of debt.
iii. Avoid you to spend money on un necessary items 
and services.
Role of Budget in Planning and   
Control.
Flexible Budgeting 
Flexible budget shows how cost vary with different 
rate of output or sales volumes and sales revenue 
based on these different outputs level.
Characteristics of flexible budgeting: 
Easy to change according to variation of production 
and sale volumes.
It help in controlling cost.
Flexible budget helps in measure the performance and 
evolution.
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