Book description
If the very thought of budgets pushes your sanity over the limit, then this practical, easy-to-use guide is just what you need. Budgeting Basics and Beyond, Third Edition equips you with an all-in-one resource guaranteed to make the budgeting process easier, less stressful, and more effective. Written by Jae Shim and Joel Siegel, the new edition covers Balanced Scorecard, budgeting for nonprofit organizations, business simulations for executive and management training, and much more!
Table of contents
- Copyright
- About the Authors
- Preface
- The What and Why of Budgeting: An Introduction
- Strategic Planning and Budgeting: Process, Preparation, and Control
- Administering the Budget: Reports, Analyses, and Evaluations
- Break-even and Contribution Margin Analysis: Profit, Cost, and Volume Changes
- Profit Planning: Targeting and Reaching Achievable Goals
-
Master Budget: Genesis of Financial Forecasting and Profit Planning
- Comprehensive Sales Planning
- Sales Budget
- Monthly Cash Collections from Customers
- Production Budget
- Inventory Purchases, Merchandising Firm
- Direct Material Budget
- Direct Labor Budget
- Factory Overhead Budget
- Ending Finished Goods Inventory Budget
- Selling and Administrative Expense Budget
- Cash Budget
- Budgeted Income Statement
- Budgeted Balance Sheet
- Some Financial Calculations
- Using an Electronic Spreadsheet to Develop a Budget Plan
- Financial Forecasting – The Percent-of-Sales Method
- Conclusion
- Cost Behavior: Emphasis on Flexible Budgets
-
Evaluating Performance: The Use of Variance Analysis
- Usefulness of Variance Analysis
- Standard Setting
- Planning Variance
- Sales Variances
- Cost Variances
- Material Variances
- Labor Variances
- Overhead Variances
- Interrelationship of Variances
- Mix and Yield Variances for Material and Labor
- Profit Variance Analysis
- Nonmanufacturing Activities
- Illustrative Variance Analysis Report for a Service Business
- Variances to Evaluate Marketing Effort
- Illustrative Marketing Performance Report
- Variances in Administrative Expenses
- Capital Expenditures
- Variance Analysis Reports
- Conclusion
- Manufacturing Costs: Sales Forecasts and Realistic Budgets
- Marketing: Budgeting for Sales, Advertising, and Distribution
- Research and Development: Budgets for a Long-term Plan
- General and Administrative Costs: Budgets for Maximum Productivity
- Capital Expenditures: Assets to Be Bought, Sold, and Discarded
- Forecasting and Planning: Reducing Risk in Decision Making
- Moving Averages and Smoothing Techniques: Quantitative Forecasting
- Regression Analysis: Popular Sales Forecast System
- Cash Budgeting and Forecasting Cash Flow: Two Pragmatic Methods
- Financial Modeling: Tools for Budgeting and Profit Planning
- Software Packages: Computer-based Models and Spreadsheet Software
-
Capital Budgeting: Selecting the Optimum Long-term Investment
- Accounting (Simple) Rate of Return
- Payback Period
- Payback Reciprocal
- Discounted Payback Period
- Net Present Value
- Profitability Index
- Internal Rate of Return (Time-Adjusted Rate of Return)
- Nondiscretionary Projects
- Comparison of Methods
- Capital Budgeting Process
- Capital Budgeting and Inflation
- Postaudit Project Review
- Capital Budgeting and Nonprofit Organizations
- Risk and Uncertainty
- Conclusion
- Zero-base Budgeting: Priority Budgeting for Best Resource Allocation
-
Managers' Performance and Balanced Scorecard: Evaluation on the Division Level
- Appraising Manager Performance
- Responsibility Center
- Revenue Center
- Cost Center
- Profit Center
- Investment Center
- The Balanced Scorecard
- Applying the Balanced Scorecard to a School District
- Budgeting and the Balanced Scorecard – A Oxiteno Case Study
- The Balanced Scorecard Implementation in Oxiteno
- Budgeting and the New Management Model
- Conclusion
- Budgeting for Service Organizations: Special Features
-
Budgeting for Nonprofit Organizations: Diverse Types
- Planning
- Funds
- Recordkeeping and Reporting
- Government Budgets and Accounting Bases
- Budget Development
- Budgeting Revenue
- Budgeting Expenditures
- Encumbrances
- Budgetary Control
- Effectiveness and Control Measures
- Organizational Structure
- Functional or Program Reporting
- Budget Adaptability
- Budget Participants
- Budgeting Aspects for Specific Nonprofits
- Conclusion
- Using Management Games for Executive Training
- Present and Future Value Tables
- Statistical Table
- Glossary of Budgeting and Planning Terms
Product information
- Title: Budgeting Basics and Beyond
- Author(s):
- Release date: November 2008
- Publisher(s): Wiley
- ISBN: 9780470389683
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