How to Plan and Manage Your Company Budget

Author: Wayne G. Bremser
Testing Format: multiple choice
Your Price: $159.00
ISBN: 9780761215578
Format: Spiral/Comb/Coil Binding

Overview

Designed for the practicing and future manager, How to Plan and Manage Your Company Budget, Sixth Edition shows you how to develop, implement, and maintain departmental budgets that support and contribute to the goals of the company as a whole. Covering both the planning and controlling sides of the budget system, you’ll learn how to document the company’s goals and performance objectives in financial terms and how to interpret the comparison of actual results with budgeted results.

Selective Learning Objective

Selected Learning Objectives

By the end of this chapter, you should be able to:

• Describe how budgeting relates to the planning and controlling functions of management.

• Explain the relationship between budgeting and strategic planning.

• Define chart of accounts, responsibility reporting, and flexible budgets.

• List and describe the phases of budgeting.

• Describe budgetary slack.

Testing Format

Multiple Choice and Case Study.

Table of Contents

About This Course ix

How to Take This Course xi

1 The Role of Budgeting in Management Planning and Control 1

2 The Basics of Profit Planning 27

3 The Corporate Planning Model 47

4 Planning the Capital Expenditure Budget 75

5 Profit Budget Control 99

6 The Balance Sheet Budget 127

7 Choices for More Effective Budgeting 153

Recap

Review Questions

Appendix: Sources of Information 169

For Further Reference 171

The First Examination 175

The Case Study 187

The Case Study Solution 199

Index 207