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Budgeting Basics and Beyond, 4th Edition

Budgeting Basics and Beyond, 4th Edition

Author: Jae K. Shim; Joel G. Siegel; Allison I. Shim
Publisher: John Wiley & Sons
ISBN: 9781118096277
Published In: October 2011
Format: Hardback , 560 pages
Jurisdiction: International or US ? Disclaimer:
Countri(es) stated herein are used as reference only

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Author

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A convenient and up-to-date reference tool for today's financial and non-financial 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 non-financial managers in public practice and private industry.

About the Authors.

Preface.

Chapter 1: The What and Why of Budgeting: An Introduction.

Chapter 2: Strategic Planning and Budgeting: Process, Preparation and Control.

Chapter 3: Administering the Budget: Reports, Analyses, and Evaluations.

Chapter 4: Break-even and Contribution Margin Analysis: Profit, Cost, and Volume Changes.

Chapter 5: Profit Planning: Targeting and Reaching Achievable Goals.

Chapter 6: Master Budget: Genesis of Financial Forecasting and Profit Planning.

Chapter 7: Cost Behavior: Emphasis on Flexible Budgets.

Chapter 8: Evaluating Performance: The Use of Variance Analysis.

Chapter 9: Manufacturing Costs: Sales Forecasts and Realistic Budgets.

Chapter 10: Marketing: Budgeting for Sales, Advertising, and Distribution.

Chapter 11: Research and Development: Budgets for a Long-term Plan.

Chapter 12: General and Administrative Costs: Budgets for Maximum Productivity.

Chapter 13: Capital Expenditures: Assets to Be Bought, Sold, and Discarded.

Chapter 14: Forecasting and Planning: Reducing Risk in Decision Making.

Chapter 15: Moving Averages and Smoothing Techniques: Quantitative Forecasting.

Chapter 16: Regression Analysis: Popular Sales Forecast System.

Chapter 17: Cash Budgeting and Forecasting Cash Flow: Two Pragmatic Methods.

Chapter 18: Financial Modeling: Tools for Budgeting and Profit Planning.

Chapter 19: Using Software Packages and E-Budgeting: Computer-based Models, Spreadsheets, and Web-based System.

Chapter 20: Capital Budgeting: Selecting the Optimum Long-term Investment and Real Options.

Chapter 21: Budgeting for Cost Management: Activity-based Budgeting and Life-cycle Budgeting.

Chapter 22: Zero-base Budgeting: Priority Budgeting for Best Resource Allocation.

Chapter 23: Managers' Performance and Balanced Scorecard: Evaluation on the Division Level.

Chapter 24: Budgeting for Service Organizations: Special Features.

Chapter 25: Budgeting for Non-profit Organizations: Diverse Types.

Chapter 26: Using Management Games for Executive Training.

Appendix I: Present and Future Value Tables.

Appendix II: Statistical Table.

Glossary of Budgeting and Planning Terms.

Index.

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.