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