Budgeting Basics and Beyond

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  • Edition: 4th
  • Format: Hardcover
  • Copyright: 2011-11-01
  • Publisher: Wiley

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Budgeting Basics and Beyond, 4th 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. It is packed with case studies, illustrations, exhibits, forms, checklists, graphs, samples, and worked-out solutions to a wide variety of budgeting, planning, and control problems. It is a truly valuable resource guaranteed to make the budgeting process effective and hassle-free for all managers who use it. The new edition includes new cost cutting strategies, software packages updates, cloud computing nd, new use of Excel for exponential smoothing, Minitab and SPSS, and updates on cash flow software. The book also includes 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.

Author Biography

JAE K. SHIM, PhD, has authored or coauthored more than fifty professional and college finance and accounting books. Thirty of his publications have been translated into various languages such as Chinese, Spanish, Russian, Polish, Croatian, Italian, Japanese, and Korean. He is CEO of Delta Consulting Co., a consulting and training firm, and accounting and finance professor at California State University, Long Beach.

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

ALLISON I. SHIM, MS, is CFO of Delta Consulting Co. She is a finance expert and a PhD candidate at the University of California at Irvine.

Table of Contents

About the Authorsp. xi
Prefacep. xiii
The What and Why of Budgeting: An Introductionp. 1
Strategic Planning and Budgeting: Process, Preparation, and Controlp. 29
Administering the Budget: Reports, Analyses, and Evaluationsp. 45
Break-Even and Contribution Margin Analysis: Profit, Cost, and Volume Changesp. 57
Profit Planning: Targeting and Reaching Achievable Goalsp. 79
Master Budget: Genesis of Financial Forecasting and Profit Planningp. 95
Cost Behavior: Emphasis on Flexible Budgetsp. 119
Evaluating Performance: The Use of Variance Analysisp. 131
Manufacturing Costs: Sales Forecasts and Realistic Budgetsp. 191
Marketing: Budgeting for Sales, Advertising, and Distributionp. 203
Research and Development: Budgets for a Long-Term Planp. 223
General and Administrative Costs: Budgets for Maximum Productivityp. 237
Capital Expenditures: Assets to Be Bought, Sold, and Discardedp. 243
Forecasting and Planning: Reducing Risk in Decision Makingp. 267
Moving Averages and Smoothing Techniques: Quantitative Forecastingp. 277
Regression Analysis: Popular Sales Forecast Systemp. 289
Cash Budgeting and Forecasting Cash Flow: Two Pragmatic Methodsp. 301
Financial Modeling: Tools for Budgeting and Profit Planningp. 315
Using Software Packages and E-Budgeting: Computer-Based Models, Spreadsheets, and Web-Based Systemsp. 329
Capital Budgeting: Selecting the Optimum Long-Term Investment and Real Optionsp. 351
Budgeting for Cost Management: Activity-Based Budgeting and Life-Cycle Budgetingp. 393
Zero-Base Budgeting: Priority Budgeting for Best Resource Allocationp. 411
Managers' Performance and Balanced Scorecard: Evaluation at the Division Levelp. 419
Budgeting for Service Organizations: Special Featuresp. 453
Budgeting for Nonprofit Organizations: Diverse Typesp. 463
Using Management Games for Executive Trainingp. 487
Future and Present Value Tablesp. 505
Statistical Tablep. 511
Glossary of Budgeting and Planning Termsp. 513
Indexp. 531
Table of Contents provided by Ingram. All Rights Reserved.

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