Description
No other management tool provides the operational direction that a well-planned budget can. Now in a new edition, this book provides updated coverage on issues such as budgeting for exempt organizations and nonprofits in light of the IRS’ newly issued Form 990; what manufacturing CFOs’ budgeting needs are; current technology solutions; and updated information on value-based budgets. Controllers, budget directors, and CFOs will benefit from this practical “how-to” book’s coverage, from the initial planning process to forecasting to specific industry budgets. Foreword xv Preface xvii PART ONE: INTRODUCTION TO THE BUDGETING PROCESS Chapter 1: Integrating The Balanced Scorecard for Improved Planning and Performance Management 3 Chapter 2: Strategic Balanced Scorecard-Based Budgeting and Performance Management 25 Chapter 3: Budgeting and the Strategic Planning Process 41 Chapter 4: Budgeting and Forecasting: Process Tweak or Process Overhaul? 71 Chapter 5: The Budget: An Integral Element of Internal Control 93 Chapter 6: Relationship Between Strategic Planning and the Budgeting Process 103 Chapter 7: The Essentials of Business Valuation 115 Chapter 8: Moving Beyond Budgeting: Integrating Continuous Planning and Adaptive Control 145 Chapter 9: Moving Beyond Budgeting: An Update 161 PART TWO: TOOLS AND TECHNIQUES Chapter 10: Implementing Forecasting Best Practices 169 Chapter 11: Calculations and Modeling in Budgeting Software 181 Chapter 12: Cost-Accounting Systems: Integration with Manufacturing Budgeting 193 Chapter 13: Break-Even and Contribution Analysis as a Tool in Budgeting 249 Chapter 14: Profitability and the Cost of Capital 263 Chapter 15: Budgeting Shareholder Value 279 Chapter 16: Applying the Budget System 297 Chapter 17: Budgets and Performance Compensation 307 Chapter 18: Predictive Costing, Predictive Accounting 329 Chapter 19: Cost Behavior and the Relationship to the Budgeting Process 357 PART THREE: PREPARATION OF SPECIFIC BUDGETS Chapter 20: Sales and Marketing Budget 379 Chapter 21: Manufacturing Budget 395 Chapter 22: Research and Development Budget 455 Chapter 23: Administrative-Expense Budget 493 Chapter 24: Budgeting the Purchasing Department and the Purchasing Process 507 Chapter 25: Capital Investment Review: Toward a New Process 519 Chapter 26: Leasing 545 Chapter 27: Balance-Sheet Budget 581 Chapter 28: Budgeting Property and Liability Insurance Requirements 635 PART FOUR: BUDGETING APPLICATIONS Chapter 29: Budgeting: Key to Corporate Performance Management 659 Chapter 30: Zero-Based Budgeting 677 Chapter 31: Bracket Budgeting 697 Chapter 32: Program Budgeting: Planning, Programming, Budgeting 723 Chapter 33: Activity-Based Budgeting 767 PART FIVE: INDUSTRY BUDGETS Chapter 34: Budgeting For Corporate Taxes 793 Chapter 35: Budgeting in the Global Internet Communication Technology Industry 805 Index 825
