Budgeting Basics and Beyond, Fourth Edition

  • 6h 43m
  • Allison I. Shim, Jae K. Shim, Joel G. Siegel
  • John Wiley & Sons (US)
  • 2012

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.

About the Authors

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.

In this Book

  • 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 at the Division Level
  • Budgeting for Service Organizations—Special Features
  • Budgeting for Nonprofit Organizations—Diverse Types
  • Using Management Games for Executive Training
  • Glossary of Budgeting and Planning Terms
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