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Assignment of tasks

The enterprise in the example given plans to pay out dividends amounting to 60,000 to the shareholders of the enterprise.

On the next page, opening balance sheet, as well as profit plan, finance plan and budgeted balance sheet of the enterprise are presented before taking the described business activity into account.

Please, present in what way the planned payment of the dividends affects profit plan, finance plan and budgeted balance sheet of the enterprise.

Basic Data

Figure 19: Dividend | Basic Data

Answer Form

Figure 20: Dividend | Answer Form

Complete Answer Key Step 1-2/2

Figure 21: Dividend | Complete Answer Key Step 1-2/2

The planned payment of the dividend is carried out through the item Dividend in the finance plan. (1)

Together with the depreciation of 90,000 which is incorporated into the finance plan with a positive mathematical sign, the planned payout of the dividend of 60,000 (1), based on a planned profit or loss of 0 from the profit plan which forms the basis for the finance plan, now leads to a surplus of cash of 30,000 as the result of the finance plan. (2)

All changing values from the finance plan are incorporated into the budgeted balance sheet:

The depreciation of 90,000 which has already been stated in the basic data continues to reduce the fixed assets in the budgeted balance sheet.

The payout of the dividend reduces the equity capital by 60,000 in the budgeted balance sheet of the enterprise. (1)

The surplus of cash of 30,000 as the result of the finance plan increases the bank account in the budgeted balance sheet. (2)

The payout of the dividend has absolutely no effect on the profit plan.