Budgeting Basics and Beyond / Edition 3

Budgeting Basics and Beyond / Edition 3

by Jae K. Shim, Joel G. Siegel
     
 

The newly updated hassle-free resource that's guaranteed to make the budgeting process easier, less stressful, and more effective

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 managers with an all-in-one resource

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Overview

The newly updated hassle-free resource that's guaranteed to make the budgeting process easier, less stressful, and more effective

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 managers with an all-in-one resource guaranteed to make the budgeting process easier, less stressful, and more effective. Now updated in a new Third Edition to give today's busy financial managers and executives the helpful information they need in a quick-reference format, the new edition covers Balanced Scorecard, budgeting for nonprofit organizations, business simulations for executive and management training, and much more!

This handy desk reference and problem-solver will help you to speed and simplify your day-to-day work on important areas from preparing and presenting budgets, to monitoring results against budget figures, to Web-based budgeting and planning solutions.

The Third Edition includes helpful material on such topics as:

  • Financial models that show the relationship among all facets of the business
  • Planning and scheduling production and related costs
  • Pricing guidelines for products and services
  • Techniques for preparing more accurate, realistic, and reliable estimates
  • Balanced Scorecard and budgeting
  • Control and variance analysis devices that signal revenue, cost, and operations thresholds
  • Profit planning and identifying looming problems

Brimming with case studies, illustrations, exhibits, forms, checklists, graphs, samples, and worked-out solutions to a wide variety of budgeting, planning, and control problems, Budgeting Basics and Beyond, Third Edition is an invaluable overview of the budgeting process that takes you step by step in handling any type of budgeting problem that comes up—and beyond.

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Product Details

ISBN-13:
9780470389683
Publisher:
Wiley
Publication date:
11/03/2008
Edition description:
New Edition
Pages:
448
Product dimensions:
5.90(w) x 9.00(h) x 1.30(d)

Meet the Author

JAE K. SHIM, PhD, has authored or coauthored more than fifty professional and college finance and accounting books. He is CEO of Delta Consulting Co., a financial consulting and training firm, and has been a consultant to commercial and nonprofit organizations for over thirty years.

JOEL G. SIEGEL, PhD, CPA, is the author of over fifty books and has written hundreds of articles for accounting and financial journals. Dr. Siegel has acted as consultant in accounting issues to many organizations, including IT&T, Citicorp, and Person/Wolinsky CPA Review.

Table of Contents

About the Authors.

Preface.

1 The What and Why of Budgeting: An Introduction.

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

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

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

5 Profit Planning: Targeting and Reaching Achievable Goals.

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

7 Cost Behavior: Emphasis on Flexible Budgets.

8 Evaluating Performance: The Use of Variance Analysis.

9 Manufacturing Costs: Sales Forecasts and Realistic Budgets.

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

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

12 General and Administrative Costs: Budgets for Maximum Productivity.

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

14 Forecasting and Planning: Reducing Risk in Decision Making.

15 Moving Averages and Smoothing Techniques: Quantitative Forecasting.

16 Regression Analysis: Popular Sales Forecast System.

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

18 Financial Modeling: Tools for Budgeting and Profit Planning.

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

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

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

22 Managers’ Performance and Balanced Scorecard: Evaluation on the Division Level.

23 Budgeting for Service Organizations: Special Features.

24 Budgeting for Nonprofit Organizations: Diverse Types.

25 Using Management Games for Executive Training.

Appendix I Present and Future Value Tables.

Appendix II Statistical Table.

Glossary of Budgeting and Planning Terms.

Index.

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