A Report About Budgeting of Phone Phu and Vinabike and Variance Analysis of Riley Labs and Antigua Blood Bank 
MANAGEMENT ACCOUNTING
A REPORT ABOUT BUDGETING OF PHONG PHU& VINABIKE AND VARIANCE ANALYSIS OF RILEY LABS & ANTIGUA BLOOD BANK
Prepared for: Lecturer, Ms. Nam Giang Dao
Prepared by: “STARS” group
Kelly- Nguyễn Thu Minh (Leader) –F04-109
Tom- Nguyễn Quang Anh –F04-009
David- Đậu Xuân Mạnh –F04-107
Bi- Phạm Kim Ngân –F04-120
Final submission: 26 June 2012
EXECUTIVE SUMMARY
It is no doubt that every companies not only in Vietnam but also in the world need an accurate accounting system and modern accounting program to have deep understanding about financial accounting situation of these organization. It helps them make in time decisions to develop companies in right way, control all activities, and reduce all costs that arise during their operation. The purpose of this report is to introduce appropriate budgeting and costing methods in the operating of these companies or the Manager can know thoroughly all operations of capital, cash flows, and debts. From there, business will have a clear see to advantages and disadvantages of each activity in the company. This will help managers ensure the achievement of the organization objectives; communicate all good ideas and effective plans; make a suitable system of control and motivate employees to improve their performance.
This report will address the budget for Phong Phu and Vinabike Company, including operating Budgets and cash Budget, calculating variances, identifying possible causes and making some recommendation about corrective actions, and preparing a performance report using the flexible budget approach. One of the primary objectives of management accounting is to provide information for decision-making and preparing budget will be studied as one such example of how the management accounting function can aid short-term decision making.
In summary, management accounting plays a
A REPORT ABOUT BUDGETING OF PHONG PHU& VINABIKE AND VARIANCE ANALYSIS OF RILEY LABS & ANTIGUA BLOOD BANK
Prepared for: Lecturer, Ms. Nam Giang Dao
Prepared by: “STARS” group
Kelly- Nguyễn Thu Minh (Leader) –F04-109
Tom- Nguyễn Quang Anh –F04-009
David- Đậu Xuân Mạnh –F04-107
Bi- Phạm Kim Ngân –F04-120
Final submission: 26 June 2012
EXECUTIVE SUMMARY
It is no doubt that every companies not only in Vietnam but also in the world need an accurate accounting system and modern accounting program to have deep understanding about financial accounting situation of these organization. It helps them make in time decisions to develop companies in right way, control all activities, and reduce all costs that arise during their operation. The purpose of this report is to introduce appropriate budgeting and costing methods in the operating of these companies or the Manager can know thoroughly all operations of capital, cash flows, and debts. From there, business will have a clear see to advantages and disadvantages of each activity in the company. This will help managers ensure the achievement of the organization objectives; communicate all good ideas and effective plans; make a suitable system of control and motivate employees to improve their performance.
This report will address the budget for Phong Phu and Vinabike Company, including operating Budgets and cash Budget, calculating variances, identifying possible causes and making some recommendation about corrective actions, and preparing a performance report using the flexible budget approach. One of the primary objectives of management accounting is to provide information for decision-making and preparing budget will be studied as one such example of how the management accounting function can aid short-term decision making.
In summary, management accounting plays a
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