Budgeting Basics and Beyond

**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.Content: Chapter 1 The What and Why of Budgeting: An Introduction (pages 1–27): Chapter 2 Strategic Planning and Budgeting: Process, Preparation, and Control (pages 29–44): Chapter 3 Administering the Budget: Reports, Analyses, and Evaluations (pages 45–56): Chapter 4 Break–Even and Contribution Margin Analysis: Profit, Cost, and Volume Changes (pages 57–77): Chapter 5 Profit Planning: Targeting and Reaching Achievable Goals (pages 79–94): Chapter 6 Master Budget: Genesis of Financial Forecasting and Profit Planning (pages 95–117): Chapter 7 Cost Behavior: Emphasis on Flexible Budgets (pages 119–130): Chapter 8 Evaluating Performance: The Use of Variance Analysis (pages 131–189): Chapter 9 Manufacturing Costs: Sales Forecasts and Realistic Budgets (pages 191–202): Chapter 10 Marketing: Budgeting for Sales, Advertising, and Distribution (pages 203–221): Chapter 11 Research and Development: Budgets for a Long–Term Plan (pages 223–235): Chapter 12 General and Administrative Costs: Budgets for Maximum Productivity (pages 237–242): Chapter 13 Capital Expenditures: Assets to Be Bought, Sold, and Discarded (pages 243–266): Chapter 14 Forecasting and Planning: Reducing Risk in Decision Making (pages 267–275): Chapter 15 Moving Averages and Smoothing Techniques: Quantitative Forecasting (pages 277–288): Chapter 16 Regression Analysis: Popular Sales Forecast System (pages 289–300): Chapter 17 Cash Budgeting and Forecasting Cash Flow: Two Pragmatic Methods (pages 301–314): Chapter 18 Financial Modeling: Tools for Budgeting and Profit Planning (pages 315–328): Chapter 19 Using Software Packages and E–Budgeting: Computer–Based Models, Spreadsheets, and Web–Based Systems (pages 329–349): Chapter 20 Capital Budgeting: Selecting the Optimum Long–Term Investment and Real Options (pages 351–391): Chapter 21 Budgeting for Cost Management: Activity–Based Budgeting and Life–Cycle Budgeting (pages 393–409): Chapter 22 Zero–Base Budgeting: Priority Budgeting for Best Resource Allocation (pages 411–418): Chapter 23 Managers' Performance and Balanced Scorecard: Evaluation at the Division Level (pages 419–451): Chapter 24 Budgeting for Service Organizations: Special Features (pages 453–461): Chapter 25 Budgeting for Nonprofit Organizations: Diverse Types (pages 463–486): Chapter 26 Using Management Games for Executive Training (pages 487–504): Machine generated contents note: 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 Nonprofit 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. 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. "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