Budgeting Basics and Beyond, 3rd Edition

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.