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1、F2 Chapter 24 Behavioural Aspects of BudgetingACCAspace Provided by ACCA Research Institute Copyright ?0? ACCAspace4 ACCAspace 中国ACCA特许公认会计师教育平台 ACCA F2 Management Accounting (MA) 管理会计 ACCA Lecturer: Belinda Qiu Copyright ?0? ACCAspace ACCAspace 中国ACCA特许公认会计师教育平台 2 Part C Project appraisal 1. Releva
2、nt/irrelevant cost 2. Interest rate 3. Discount factor( cost of capital) 4. PV ( annuity, perpetuity) 5. NPV (calculation, adv. & disadv.) 6. Payback period (calculation, adv. & disadv.) 7. Discounted Payback period (calculation, adv. & disadv.) 8. IRR (calculation, adv. & disadv.) C
3、opyright ?0? ACCAspace ACCAspace 中国ACCA特许公认会计师教育平台 3 Part C Behavioral aspects of budgeting 1. Problems during the budgeting process 2. Two types of budgeting setting (adv. & disadv.) 3. Target setting 4. Incentive scheme Copyright ?0? ACCAspace ACCAspace 中国ACCA特许公认会计师教育平台 4 Part C Behavioral as
4、pects of budgeting 1. Introduction 1. 1 Why we need to analyse behavioral aspects? (problem) Copyright ?0? ACCAspace ACCAspace 中国ACCA特许公认会计师教育平台 5 Part C Behavioral aspects of budgeting 1.2 results Four kinds: -poor attitudes when setting budgets -poor attitudes when putting plan into action -poor a
5、ttitudes when controlling -motivator but also demotivator Copyright ?0? ACCAspace ACCAspace 中国ACCA特许公认会计师教育平台 6 Part C Behavioral aspects of budgeting Copyright ?0? ACCAspace ACCAspace 中国ACCA特许公认会计师教育平台 7 Part C Behavioral aspects of budgeting Copyright ?0? ACCAspace ACCAspace 中国ACCA特许公认会计师教育平台 8 Pa
6、rt C Behavioral aspects of budgeting Copyright ?0? ACCAspace ACCAspace 中国ACCA特许公认会计师教育平台 9 Part C Behavioral aspects of budgeting Copyright ?0? ACCAspace ACCAspace 中国ACCA特许公认会计师教育平台 1 ACCAspace 中国ACCA特许公认会计师教育平台 11 Part C Behavioral aspects of budgeting Copyright ?0? ACCAspace ACCAspace 中国ACCA特许公认会计
7、师教育平台 12 Part C Behavioral aspects of budgeting 2.1.2 participative style of budgeting ( Bottom-up budgeting ) Copyright ?0? ACCAspace ACCAspace 中国ACCA特许公认会计师教育平台 13 Part C Behavioral aspects of budgeting 3. Target setting -Targets will assist motivation and appraisal if they are at the right level.
8、 Not too difficult, as this will demotivate staff, not to easy, as managers are unlikely to strive for optimal performance. -An ideal target should be slightly above the anticipated performance level. -Targets should be : communication in advance; dependent on factors controllable by the individual
9、; based on quantifiable factors; linked to appropriate rewards and penalties; chosen carefully to ensure goal congruence Copyright ?0? ACCAspace ACCAspace 中国ACCA特许公认会计师教育平台 14 Part C Behavioral aspects of budgeting -When we consider the motivating effect of budget, we should remember that the budget
10、s have a limited motivational effect. It is the reward structure that is linked to achieving the budgeted target, or lack of reward for non-achievement, which provides the real underlying motivation potential of budgets. The rewards need not to be directly financial but could be in terms of future p
11、rospective of promotion. Copyright ?0? ACCAspace ACCAspace 中国ACCA特许公认会计师教育平台 15 Part C Behavioral aspects of budgeting 4. Incentive schemes The characteristics of a good employee reward system are as follows: -fairness -motivational -understandable -constantly applied -objective -universal Copyright
12、 ?0? ACCAspace ACCAspace 中国ACCA特许公认会计师教育平台 16 Part C Behavioral aspects of budgeting Copyright ?0? ACCAspace ACCAspace 中国ACCA特许公认会计师教育平台 17 Part C Behavioral aspects of budgeting Q1. Which of the following statements about imposed budgets are correct? (1)Imposed budgets are likely to set realistic t
13、argets because senior management have the best idea of what is achievable in each part of the business (2) Imposed budgets can be less effective than budgets set on a participative basis, because it is difficult for an individual to be motivated to achieve targets set by someone else (3) Imposed budgets are generally quicker to prepare and finalise than participative budgets. A. 12 C. 23 B. 13 D. 3 Copyright ?0? ACCAspace ACCAspace 中国ACCA特许
