Flexible Budgets - Part 1
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- Опубликовано: 17 сен 2024
- The links to the problems are no longer working.
If you want updated videos (with working links) try this playlist:
• MA Module 1, Video 1, ...
In this series of videos, we look at flexible budgets.
This video and the attached worksheet were prepared by Tony Bell of Thompson Rivers University (TRU) - I encourage educators to freely use, edit and modify these videos and the attached worksheet - they are available under Creative Commons Licenses.
You're a great teacher! You can explain concepts in great detail which helps me a lot with understanding what's going on and why we do this type of accounting in the real world. Thanks for the video!
you saved me from a meltdown...again. Thank you!
Sir, I am ready enjoying your materials, they are easy to understand, those materials are saving me to correct my instructor errors and undergo my final exam at the University Of Liberia, the State Own University(Republic Of Liberia) located on the West Coast of Africa. Thanks for your many contributions that assist many students around the world. May God Bless and Strengthen you for the good job done.
Oh my Gosh. You are so awesome. I can't thank you enough for helping me survive my Management Accounting class. I'm dumb at Math but your explanation is very effective and easy to understand. That's talent right there. :) Again, thank you!
MeetsBarnaby Thanks so much :)
2 years later after you published this video and its still revelent and helpful, in South Africa! I appreciate it man.
+Ebenezer Ndlhovhu Thanks!!
B-E-S-T online youtube Teacher lol ..HATED accounting until I found this video !!! Made my studying process so much easier! I wish I found this earlier! Hope to ace my exam but I am now at ease and far more confident because of THESE VIDEOS, THANKYOU!
Thank you!!~!
Tony Bell is in the running for MVP of my fall semester.
+Dominic Cuevas First MVP award of my life. Although I did get runner-up for the religion award at my school in grade 2.
I am so thankful you posted this. I've been working on a flexible budget for hours, and looking in the bok (Im a student) - and all was still not clear. You made it very clear, and within one try I aced the homework THANK YOU!!!!
Thanks!
My exam is coming up tomorrow. Can't thank you enough. Sorry to blow up your inbox..
I've gone through approx 20 of your vids, on the latter half I'm finding myself working things out, then watching you work them out. It is a huge confidence booster for tomorrow when I get everything right on. Especially considering I missed my entire term's lectures due to extenuating circumstances.
Your accounting videos are extremely helpful! Thanks so much for breaking down these concepts
+Christina L Thank you :)
Thank You Sir. Now you are my best online teacher. Keep i up.
Thanks!
hey man....you a life saver..keep up the good work
+tom nate Thanks!
Thank you! Your comment made my morning better :)
Lifesaver! One of the best tutorials i have seen! Thank you so so much!
Masha Shuaib Thanks!
Thanks man! You helped me so much!
Thank you Tony, your lectures are fantastic, I bookmarked your page and come to you whenever I encounter with a problem ;) Thanks
Its the night before my exam had a break down but your video really pulled it together for me man thank you
Love the way you explained this. This helps immensely! Thank you for posting this.
Thanks! Glad it was helpful!!
Thank you so much !!!! you're a life saver ! your explanation is simple, easy and understandable !! i'm one of the biggest fans of your teaching. keep on the good work :)
Hi Tony. Absolutely love your videos!!!! Thank you from Australia
Oh, Lord! Thaks for such good teacher, who can so easily explain such complicated subjexc!) Keep going.
Cheers for this, I finally understand it
+Angie Thanks!!
Great video Tony! Some of your other vids actually helped get my promotion to financial analyst. Please keep tgese coming
Thanks Tony, Getting ready for the final!
Good luck!
you're welcome!
Tony, thank you sooooo much!!! you are awesome!
A Lozano Thanks!
Thanks and congrats!
seriously.. thanks a lot man! appreciate your videos/explanations.
hass Thanks!!
Hello friends,
I have 3 situations as follows:
1 / In 2020, company XYZ has set up a budget for the whole year, this will be a static budget.
By June 2020, the company wants to consider the efficiency of the budget, then use rolling budgeting to do it.
Next, the company plans for the remaining 6 months based on sales commitment of the sales side and uses the flexible budget to have the right budget and close to 100%.
Question: 3 set budget to use in this case is it true and enough?
2 / Zero budgeting applies practically to any case ?. Thank you.
3/ The start-up company should use flexible budget, right?.
Excellent video. Thank you!
thank you very much, worked out where I was going wrong.
Shouldn't the fixed costs for 120 days be assumed to be greater than for 100 days?
As you've said, the year was colder so they were open for longer than expected.
Therefore, I would expect fixed costs to vary - rent, electricity etc.
Why is that not the case?
Thanks!
Fixed costs stay the same unless stated if they increase
Kephas s The assumption is that they will remain fixed...however I do think companies ought to revisit their budgeting assumptions when reviewing performance.
Finally, I got the idea!!! Thank you
you are amazing! you make this so simple to understand! thank you :)
Great job, I love it that you used an actual story to explain the whole thing :).
You just got a subscriber!
Thank you :)
thanksTony! excellent explanation keep doing what you do best!
Thanks bro my book couldn explain it half as good as you
Thank you
very very good video.,and i like this video and awesome advice.,,.,.
+Riaz Khan Thanks!
You sir are a bloody legend. Ty
Thank you :)
How do you prepare a flexible budget when you don't have activity level information?
Robyn Hooper Great question - I'm not sure? I've seen them done at various estimated activity levels (so we don't know the actual, but we prepare several different budget levels). Perhaps another commenter can provide a better answer.
nice video.... Thanks a lot..
Thank you so much!!!!!!!!
what if i consider only a month i.e. 30 days..will the fixed cost go down!?
Himanshu Shrivastava Good question...I would think it should definitely be re-evaluated.
***** although I have submitted my assignment..still I am eager to hear on this
Thank you!
You are amazing thank you
Siahvash Amiri Thanks :)
Legend!
thanks alot
God bless u
Thanks a lot
Thanks!