Budgeting basics and beyond

Includes index

The what and why of budgeting: an introduction -- Strategic planning and budgeting: process, preparation and control -- Administering the budget: reports, analyses, and evaluations -- Break-even and contribution margin analysis: profit, cost, and volume changes -- Profit planning: targeting and reaching achievable goals -- Master budget: genesis of financial forecasting and profit planning -- Cost behavior: emphasis on flexible budgets -- Evaluating performance: the use of variance analysis -- Manufacturing costs: sales forecasts and realistic budgets -- Marketing: budgeting for sales, advertising, and distribution -- Research and development: budgets for a long-term plan -- General and administrative costs: budgets for maximum productivity -- Capital expenditures: assets to be bought, sold, and discarded -- Forecasting and planning: reducing risk in decision making -- Moving averages and smoothing techniques: quantitative forecasting -- Regression analysis: popular sales forecast system -- Cash budgeting and forecasting cash flow: two pragmatic methods -- Financial modeling: tools for budgeting and profit planning -- Using software packages and e-budgeting: computer-based models, spreadsheets, and web-based systems -- Capital budgeting: selecting the optimum long-term investment and real options -- Budgeting for cost management: activity-based budgeting and life-cycle budgeting -- Zero-base budgeting: priority budgeting for best resource allocation -- Managers’ performance and balanced scorecard: evaluation on the division level -- Budgeting for service organizations: special features -- Budgeting for nonprofit organizations: diverse types -- Using management games for executive training -- Appendix I: Future and present value tables -- Appendix II: Statistical table -- Glossary of budgeting and planning terms

"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"-- Provided by publisher