Lecture Budgeting - Chapter 3: Operating budgets
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An operating budget is a combination of known expenses, expected future costs, and forecasted income over the course of a year. Operating budgets are completed in advance of the accounting period, which is why they require estimated expenses and revenues. This lecture introduces you to operating budgets. This chapter presents the following content: Purchases budget, cost of goods sold budget, cost of goods sold budget, specialised service industry budgets, budgeted statement of financial performance.
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Lecture Budgeting - Chapter 3: Operating budgets
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Lecture Budgeting - Chapter 3: Operating budgets
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