what is the use of Managemen Information System in finance

2. What is a Budget? A budget is a road map of where you want to go and how you expect to get there. Budgets are used for: Board Oversight Goal Focus Financial Control

3. Purpose of Budgets Planning Communication Motivation Control and Evaluation

4. Some of the major advantages of budget planning are:

6. Budgeting flow:

7. Budgetary Planning Budgeting Basics Preparing the Operating Budgets Preparing the Financial Budgets Budgeting in Non-Manufacturing Companies Budgeting and accounting Benefits Essentials of effective budgeting Length of budget period Budgeting process Budgeting and human behavior Budgeting and long-range planning The master budget Sales Production Direct materials Direct labor Manufacturing overhead Selling and administrative expense Budgeted income statement Merchandisers Service Not-for-profit Cash Budgeted balance sheet

8. THE ACTIVITY BASED BUDGET PROCESS Determine Programs and Activities Budget Expenses Budget Revenues Assemble Draft Budget Review and Modify Draft Budget Present Budget Draft for Board Approval Monitor and Amend Budget

9. Participative Budgeting Illustration 23-1 Flow of budget data from lower management to top levels SO 2: State the essentials of effective budgeting.

10. The Master Budget - Components Illustration 23-2 SO 3: Identify the budgets that comprise the master budget.

11. Five Principles of Cash Management Illustration 7-13

12. Sources of Finance, Capital Structure,Capital Budgeting Case Period:2008-2009Pub. Date:2009Teaching AvailableOrganization:Tata Motors Industry:AutomobilesCountries:UK/India Issues: » Understand acquisition of JLR as an example of Tata Motors' inorganic growth strategy.» Understand the impact of macroeconomic factors on the global automobile industry.» Understand the implications of global credit crisis on the availability of funds for corporate.» Analyze different modes of finance available to finance cross border acquisitions.

13. Thank you