Budgeting Basics and Beyond / Edition 4

Budgeting Basics and Beyond / Edition 4

by Jae K. Shim, Joel G. Siegel, Allison I. Shim
     
 

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ISBN-10: 1118096274

ISBN-13: 9781118096277

Pub. Date: 11/01/2011

Publisher: Wiley

A convenient and up-to-date reference tool for today's financial and nonfinancial managers in public practice and private industry

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, Fourth Edition equips you with an all-in-one resource

Overview

A convenient and up-to-date reference tool for today's financial and nonfinancial managers in public practice and private industry

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, Fourth Edition equips you with an all-in-one resource guaranteed to make the budgeting process easier, less stressful, and more effective. The new edition covers rolling budgets (forecasts), activity-based budgeting, life-cycle budgeting. Cloud computing, Balanced Scorecard, budgeting for nonprofit organizations, business simulations for executive and management training, and much more!

  • Includes several new software packages, computer-based models and spreadsheet applications, including Value Chain Management software, Financial Planning and Performance software, Web 2.0, Cloud computing, and capital budgeting software
  • Features case studies, illustrations, exhibits, forms, checklists, graphs, samples, and worked-out solutions to a wide variety of budgeting, planning, and control problems
  • Offers financial planning and new types of financial modeling, variance analysis, Web-based budgeting, active budgeting illuminating "what-if" analyses throughout, spreadsheet applications, break-even analysis, project analysis, and capital budgeting

Budgeting Basics and Beyond, Fourth Edition is a practical, easy-to-use problem-solver and up-to-date reference tool for today's financial and nonfinancial managers in public practice and private industry.

Product Details

ISBN-13:
9781118096277
Publisher:
Wiley
Publication date:
11/01/2011
Series:
Wiley Corporate F&A Series, #574
Edition description:
New Edition
Pages:
560
Product dimensions:
6.30(w) x 9.10(h) x 1.70(d)

Table of Contents

About the Authors vii

Preface ix

1 The What and Why of Budgeting: An Introduction 1

2 Strategic Planning and Budgeting: Process, Preparation and Control 21

3 Administering the Budget: Reports, Analyses, and Evaluations 35

4 Break-even and Contribution Margin Analysis: Profit, Cost, and Volume Changes 45

5 Profit Planning: Targeting and Reaching Achievable Goals 61

6 Master Budget: Genesis of Financial Forecasting and Profit Planning 75

7 Cost Behavior: Emphasis on Flexible Budgets 95

8 Evaluating Performance: The Use of Variance Analysis 105

9 Manufacturing Costs: Sales Forecasts and Realistic Budgets 155

10 Marketing: Budgeting for Sales, Advertising, and Distribution 167

11 Research and Development: Budgets for a Long-term Plan 185

12 General and Administrative Costs: Budgets for Maximum Productivity 197

13 Capital Expenditures: Assets to Be Bought, Sold, and Discarded 201

14 Forecasting and Planning: Reducing Risk in Decision Making 225

15 Moving Averages and Smoothing Techniques: Quantitative Forecasting 233

16 Regression Analysis: Popular Sales Forecast System 243

17 Cash Budgeting and Forecasting Cash Flow: Two Pragmatic Methods 253

18 Financial Modeling: Tools for Budgeting and Profit Planning 265

19 Software Packages: Computer-based Models and Spreadsheet Software 277

20 Capital Budgeting: Selecting the Optimum Long-term Investment 289

21 Zero-base Budgeting: Priority Budgeting for Best Resource Allocation 321

22 Managers' Performance and Balanced Scorecard: Evaluation on the Division Level 329

23 Budgeting for Service Organizations: SpecialFeatures 359

24 Budgeting for Nonprofit Organizations: Diverse Types 367

25 Using Management Games for Executive Training 387

Appendix I Present and Future Value Tables 405

Appendix II Statistical Table 411

Glossary of Budgeting and Planning Terms 413

Index 427

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