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 "e;what-if"e; 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.

A convenient and up-to-date reference tool for today's financialand nonfinancial managers in public practice and privateindustryIf the very thought of budgets pushes your sanity over thelimit, then this practical, easy-to-use guide is just what youneed. Budgeting Basics and Beyond, Fourth Edition equips youwith an all-in-one resource guaranteed to make the budgetingprocess easier, less stressful, and more effective. The new editioncovers rolling budgets (forecasts), activity-based budgeting,life-cycle budgeting. Cloud computing, Balanced Scorecard,budgeting for nonprofit organizations, business simulations forexecutive and management training, and much more!* Includes several new software packages, computer-based modelsand spreadsheet applications, including Value Chain Managementsoftware, 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 widevariety of budgeting, planning, and control problems* Offers financial planning and new types of financial modeling,variance analysis, Web-based budgeting, active budgetingilluminating "what-if" analyses throughout, spreadsheetapplications, break-even analysis, project analysis, and capitalbudgetingBudgeting Basics and Beyond, Fourth Edition is apractical, easy-to-use problem-solver and up-to-date reference toolfor today's financial and nonfinancial managers in public practiceand private industry.

About the Authors xiPreface xiiiChapter 1: The What and Why of Budgeting: An Introduction 1Chapter 2: Strategic Planning and Budgeting: Process,Preparation, and Control 29Chapter 3: Administering the Budget: Reports, Analyses, andEvaluations 45Chapter 4: Break-Even and Contribution Margin Analysis: Profit,Cost, and Volume Changes 57Chapter 5: Profit Planning: Targeting and Reaching AchievableGoals 79Chapter 6: Master Budget: Genesis of Financial Forecasting andProfit Planning 95Chapter 7: Cost Behavior: Emphasis on Flexible Budgets 119Chapter 8: Evaluating Performance: The Use of Variance Analysis131Chapter 9: Manufacturing Costs: Sales Forecasts and RealisticBudgets 191Chapter 10: Marketing: Budgeting for Sales, Advertising, andDistribution 203Chapter 11: Research and Development: Budgets for a Long-TermPlan 223Chapter 12: General and Administrative Costs: Budgets forMaximum Productivity 237Chapter 13: Capital Expenditures: Assets to Be Bought, Sold, andDiscarded 243Chapter 14: Forecasting and Planning: Reducing Risk in DecisionMaking 267Chapter 15: Moving Averages and Smoothing Techniques:Quantitative Forecasting 277Chapter 16: Regression Analysis: Popular Sales Forecast System289Chapter 17: Cash Budgeting and Forecasting Cash Flow: TwoPragmatic Methods 301Chapter 18: Financial Modeling: Tools for Budgeting and ProfitPlanning 315Chapter 19: Using Software Packages and E-Budgeting:Computer-Based Models, Spreadsheets, and Web-Based Systems 329Chapter 20: Capital Budgeting: Selecting the Optimum Long-TermInvestment and Real Options 351Chapter 21: Budgeting for Cost Management: Activity-BasedBudgeting and Life-Cycle Budgeting 393Chapter 22: Zero-Base Budgeting: Priority Budgeting for BestResource Allocation 411Chapter 23: Managers' Performance and Balanced Scorecard:Evaluation at the Division Level 419Chapter 24: Budgeting for Service Organizations: SpecialFeatures 453Chapter 25: Budgeting for Nonprofit Organizations: Diverse Types463Chapter 26: Using Management Games for Executive Training487Appendix I: Future and Present Value Tables 505Appendix II: Statistical Table 511Glossary of Budgeting and Planning Terms 513Index 531