Budgeting Basics and Beyond

by Shim, Jae K.; Siegel, Joel G.

• ISBN13: 9780470389683
• ISBN10: 0470389680
• Edition: 3rd
• Format: Paperback
• Copyright: 2008-11-03
• Publisher: Wiley

Summary

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!

Author Biography

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	p. vii
Preface	p. ix
The What and Why of Budgeting: An Introduction	p. 1
Strategic Planning and Budgeting: Process, Preparation and Control	p. 21
Administering the Budget: Reports, Analyses, and Evaluations	p. 35
Break-even and Contribution Margin Analysis: Profit, Cost, and Volume Changes	p. 45
Profit Planning: Targeting and Reaching Achievable Goals	p. 61
Master Budget: Genesis of Financial Forecasting and Profit Planning	p. 75
Cost Behavior: Emphasis on Flexible Budgets	p. 95
Evaluating Performance: The Use of Variance Analysis	p. 105
Manufacturing Costs: Sales Forecasts and Realistic Budgets	p. 155
Marketing: Budgeting for Sales, Advertising, and Distribution	p. 167
Research and Development: Budgets for a Long-term Plan	p. 185
General and Administrative Costs: Budgets for Maximum Productivity	p. 197
Capital Expenditures: Assets to Be Bought, Sold, and Discarded	p. 201
Forecasting and Planning: Reducing Risk in Decision Making	p. 225
Moving Averages and Smoothing Techniques: Quantitative Forecasting	p. 233
Regression Analysis: Popular Sales Forecast System	p. 243
Cash Budgeting and Forecasting Cash Flow: Two Pragmatic Methods	p. 253
Financial Modeling: Tools for Budgeting and Profit Planning	p. 265
Software Packages: Computer-based Models and Spreadsheet Software	p. 277
Capital Budgeting: Selecting the Optimum Long-term Investment	p. 289
Zero-base Budgeting: Priority Budgeting for Best Resource Allocation	p. 321
Managers' Performance and Balanced Scorecard: Evaluation on the Division Level	p. 329
Budgeting for Service Organizations: Special Features	p. 359
Budgeting for Nonprofit Organizations: Diverse Types	p. 367
Using Management Games for Executive Training	p. 387
Present and Future Value Tables	p. 405
Statistical Table	p. 411
Glossary of Budgeting and Planning Terms	p. 413
Index	p. 427
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