| 9-1 | Explain the relationship between financial planning and analysis and the master budget. |
| 9-2 | List and explain five purposes of budgeting. |
| 9-3 | Describe the similarities and differences in the operational budgets prepared by manufacturers, service-industry firms, merchandisers, and nonprofit organizations. |
| 9-4 | Explain the concept of activity-based budgeting and the logic it brings to the budgeting process. |
| 9-5 | Prepare each of the budget schedules that make up the master budget in a nonmanufacturing firm, and that exist in manufacturing budgets as well. |
| 9-6 | Prepare the additional master budget schedules required by a manufacturing firm. |
| 9-7 | Discuss the role of assumptions and predictions in budgeting. |
| 9-8 | Describe a typical organization’s process of budget administration. |
| 9-9 | Discuss the behavioral issues in budgeting. |
