Budgeted Balance Sheet

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Budgeted Balance Sheet

A balance sheet listing estimated assets, liabilities and shareholder equity for the coming year. The budgeted balance sheet is used to check the accuracy of other budgets the company prepares, as well as to show financial strengths or weaknesses at the beginning of each year.

References in periodicals archive ?

From the changes we have identified in our detailed budget preparation, we can evaluate how these affect the three elements of the master budget: the budgeted income statement, the cash budget and the budgeted balance sheets.

The final part of the master budget is the budgeted balance sheets. In practice, a company that uses marginal costing for its management accounts would not normally be expected to prepare them.

To prepare the budgeted balance sheets we first need to obtain the January opening balance sheet.

Management accounting--performance evaluation: in their second of two articles on constructing a budget for a business, Tim Thompson and Vaughn White use a marginal costing approach

It comprises the budgeted income statement, the cash budget and the budgeted balance sheets.

The last part of the master budget is the budgeted balance sheets. To prepare these, we must calculate the closing receivables and payables (see panel 13).

Management accounting--performance evaluation: Tim Thompson and Vaughn White provide a step-by-step worked example to show how to construct a detailed budget for a business