ACC 12 TERM 3 – WEEK 4 – 6 – Budgeting Analysis, interpretation and comparison of projected income statements for sole traders or companies.

Budgeting Analysis, interpretation and comparison of projected income statements for sole traders or companies.

Projected Income Statement
• sales
• cost of sales
• expenses
• income
• profits

Analysis, interpretation and comparison of cash budgets for soletraders or companies.

Cash Budget
• receipts
• payments
• debtors’ collection
• creditors’ payment
• cash balances

Integration of ethical issues relating to budgeting and projections
Integration of internal audit and control processes relating to
budgets and projections by comparing budget to actual figures