Budgeting Basics and Beyond

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John Wiley & Sons, Aug 19, 2005 - Business & Economics - 512 pages
Budgeting Basics and Beyond, Second Edition provides managers with a hassle-free resource that’s guaranteed to make the budgeting process easier, less stressful, and more effective. This updated edition features new information on service and nonprofit applications, types of financial models, Web-based budgeting and planning solutions, and much more. From preparing and presenting budgets to monitoring results against budget figures and handling any budget problem that comes up, this Second Edition is a go-to reference for every budgeting issue. Packed with case studies, illustrations, exhibits, forms, checklists, graphs, samples, and worked-out solutions to a wide variety of budgeting, planning, and control problems, this Second Edition is both a handy desk reference and problem-solver for today’s financial and nonfinancial managers in public practice and private industry.

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Contents

Chapter 1 The What and Why of Budgeting An Introduction
1
Chapter 2 Strategic Planning and Budgeting Process Preparation and Control
21
Chapter 3 Administering the Budget Reports Analyses and Evaluations
35
Chapter 4 Breakeven and Contribution Margin Analysis Profit Cost and Volume Changes
45
Chapter 5 Profit Planning Targeting and Reaching Achievable Goals
63
Chapter 6 Master Budget Genesis of Forecasting and Profit Planning
77
Chapter 7 Cost Behavior Emphasis on Flexible Budgets
95
Chapter 8 Evaluating Performance The Use of Variance Analysis
105
Chapter 16 Regression Analysis Popular Sales Forecast System
245
Chapter 17 Cash Budgeting and Forecasting Cash Flow Two Pragmatic Methods
255
Chapter 18 Financial Modeling Tools for Budgeting and Profit Planning
267
Chapter 19 Software Packages Computerbased Models and Spreadsheet Software
279
Chapter 20 Capital Budgeting Selecting the Optimum Longterm Investment
291
Chapter 21 Zerobase Budgeting Priority Budgeting for Best Resource Allocation
331
Chapter 22 Managers Performance Evaluation on the Division Level
339
Chapter 23 Budgeting for Service Organizations Special Features
359

Chapter 9 Manufacturing Costs Sales Forecasts and Realistic Budgets
155
Chapter 10 Marketing Budgeting for Sales Advertising and Distribution
167
Chapter 11 Research and Development Budgets for a Longterm Plan
185
Chapter 12 General and Administrative Costs Budgets for Maximum Productivity
197
Chapter 13 Capital Expenditures Assets to Be Bought Sold and Discarded
201
Chapter 14 Forecasting and Planning Reducing Risk in Decision Making
227
Chapter 15 Moving Averages and Smoothing Techniques Quantitative Forecasting
235
Appendix I Present and Future Value Tables
367
Appendix II Statistical Table
373
Appendix III Top Providers of Budgeting and Planning Systems
375
Glossary of Budgeting and Planning Terms
379
Index
393
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About the author (2005)

JAE K. SHIM, PhD, is one of the most prolific accounting and finance experts in the world. A professor of accounting and finance at California State University–Long Beach, and CEO of Delta Consulting Company (a financial consulting and training firm), he has authored and coauthored more than fifty professional and college accounting books. He has been a consultant to commercial and nonprofit organizations for more than thirty years.

JOEL G. SIEGEL, PhD, CPA, is the author of nineteen books and has written hundreds of articles for accounting and financial journals. He has acted as consultant in accounting issues to many organizations, including IT&T, Citicorp, and Person-Wolinsky CPA Review. He is Professor of Accounting at Queens College of The City University of New York.

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