Details

About the Authors xi <p>Preface xiii</p> <p>Chapter 1: The What and Why of Budgeting: An Introduction 1</p> <p>Chapter 2: Strategic Planning and Budgeting: Process, Preparation, and Control 29</p> <p>Chapter 3: Administering the Budget: Reports, Analyses, and Evaluations 45</p> <p>Chapter 4: Break-Even and Contribution Margin Analysis: Profit, Cost, and Volume Changes 57</p> <p>Chapter 5: Profit Planning: Targeting and Reaching Achievable Goals 79</p> <p>Chapter 6: Master Budget: Genesis of Financial Forecasting and Profit Planning 95</p> <p>Chapter 7: Cost Behavior: Emphasis on Flexible Budgets 119</p> <p>Chapter 8: Evaluating Performance: The Use of Variance Analysis 131</p> <p>Chapter 9: Manufacturing Costs: Sales Forecasts and Realistic Budgets 191</p> <p>Chapter 10: Marketing: Budgeting for Sales, Advertising, and Distribution 203</p> <p>Chapter 11: Research and Development: Budgets for a Long-Term Plan 223</p> <p>Chapter 12: General and Administrative Costs: Budgets for Maximum Productivity 237</p> <p>Chapter 13: Capital Expenditures: Assets to Be Bought, Sold, and Discarded 243</p> <p>Chapter 14: Forecasting and Planning: Reducing Risk in Decision Making 267</p> <p>Chapter 15: Moving Averages and Smoothing Techniques: Quantitative Forecasting 277</p> <p>Chapter 16: Regression Analysis: Popular Sales Forecast System 289</p> <p>Chapter 17: Cash Budgeting and Forecasting Cash Flow: Two Pragmatic Methods 301</p> <p>Chapter 18: Financial Modeling: Tools for Budgeting and Profit Planning 315</p> <p>Chapter 19: Using Software Packages and E-Budgeting: Computer-Based Models, Spreadsheets, and Web-Based Systems 329</p> <p>Chapter 20: Capital Budgeting: Selecting the Optimum Long-Term Investment and Real Options 351</p> <p>Chapter 21: Budgeting for Cost Management: Activity-Based Budgeting and Life-Cycle Budgeting 393</p> <p>Chapter 22: Zero-Base Budgeting: Priority Budgeting for Best Resource Allocation 411</p> <p>Chapter 23: Managers’ Performance and Balanced Scorecard: Evaluation at the Division Level 419</p> <p>Chapter 24: Budgeting for Service Organizations: Special Features 453</p> <p>Chapter 25: Budgeting for Nonprofit Organizations: Diverse Types 463</p> <p>Chapter 26: Using Management Games for Executive Training 487</p> <p>Appendix I: Future and Present Value Tables 505</p> <p>Appendix II: Statistical Table 511</p> <p>Glossary of Budgeting and Planning Terms 513</p> <p>Index 531</p>

<p><b>JAE K. SHIM, P<small>H</small>D,</b> 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. <p><b>JOEL G. SIEGEL, P<small>H</small>D, CPA,</b> 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. <p><b>ALLISON I. SHIM, MS,</b> is CFO of Delta Consulting Co. She is a finance expert and a PhD candidate at the University of California at Irvine.

<p><b>BUDGETING BASICS AND BEYOND</b> <p>Fourth Edition <p>If the very thought of budgets sets you on edge, this easy-to-use guide is just what you need. Now updated in a fourth edition, <i>Budgeting Basics and Beyond</i> provides the direction you need to establish clearer goals and handle any type of budgeting problem that comes up—and beyond. <p>With a greater focus on technological applications including e-budgeting and Web-based budgeting systems, the new edition also includes a brand new chapter on budgeting for cost management, providing a more well-rounded view on effective budgeting today. <p><i>Budgeting Basics and Beyond, Fourth Edition</i> features on-the-job budgeting tools you need to know about, including: <ul> <li>Techniques for preparing estimates</li> <li>Control and variance analysis devices</li> <li>Pricing guidelines for products and services</li> <li>Planning and scheduling production and related costs</li> <li>Profit planning and problem identification</li> <li>Spreadsheet applications for planning, budgeting, and control processes</li> <li>Sales and financial forecasting methodology</li> <li>Balanced Scorecard and performance metrics</li> </ul> <p>Brimming with case studies, illustrations, exhibits, forms, checklists, graphs, samples, and worked-out solutions to a wide variety of budgeting, planning, and control problems, <i>Budgeting Basics and Beyond, Fourth Edition</i> equips managers with an all-in-one resource guaranteed to make the budgeting process easier, less stressful, and more effective.

US