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Budgetary Balance Sheet

2010/12/17 13:42:00 209

The budget balance sheet reflects the overall picture and financial status of the assets, liabilities and owners' equity at the end of the budget.

Budgeting balance sheet assets

Liabilities

The initial period of the table is the base point. We should take full account of the relevant data of the budget profit and loss statement and the budget cash flow statement for the initial period of assets, liabilities and owners' equity.

Its formula can be expressed as follows:

End of assets and liabilities = initial balance + increase in budgetary period - reduction in budget period

End of owners' equity = initial balance + budget increase

Endowment

(including net profit realized during the budget period) - dividends in the budget period

According to the classification and order of the balance sheet, we put assets,

Liabilities

And the final data of owners' equity shall be appropriately arranged, and the budgetary balance sheet should be compiled.

Financial budgeting is based on the assumption of a series of budgets and the managers' experience judgment. Although the uncertainties of internal or external factors in the process of budgeting are considered as well as possible, it is difficult to make a comprehensive and accurate estimate, and there are still some limitations in the financial budget.

In the process of budget implementation, if there is a big difference between non human causes, we should make appropriate amendments to the financial budget so as to improve the rationality, objectivity and correctness of the financial budget, and give full play to the role of the financial budget in the management of enterprises.