Budgeting for Managers

Sid Kemp, Eric Dunbar9780071391337, 0071391339

Managers in all types of organizations and environments must be able to prepare, or at least understand, a realistic and results-oriented budget. Budgeting for Managers–rich in practical techniques and examples–walks the reader through the entire budgeting process, from basic financial concepts and their use in creating a budget to methods for tracking actual spending.

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Table of contents :
Team DDU……Page 1
Working with Multiple Periods and Trends……Page 6
Preface……Page 10
1. Budgeting: Why and How……Page 18
Why Make a Budget? Who Reads Budgets?……Page 19
Eight Steps to Creating a Budget……Page 22
Manager’s Checklist for Chapter 1……Page 35
Time Periods of Your Budget……Page 37
Budget and Vision……Page 40
Forecasting Income……Page 46
Expense Categories vs. Account Codes……Page 49
Key Accounting Concepts……Page 51
Manager’s Checklist for Chapter 2……Page 56
3. Gathering Production Figures……Page 58
Gathering Past Figures……Page 59
Working with Multiple Periods……Page 62
Working with Account Categories and Line Item Names……Page 67
Evaluating the Quality of Your Information……Page 69
Manager’s Checklist for Chapter 3……Page 70
4. Creating a Production Budget……Page 72
Estimation Methods……Page 73
Planning the Future in Detail……Page 75
A Sample Manufacturing Budget……Page 78
Manager’s Checklist for Chapter 4……Page 88
5. Planning and Budgeting a Project……Page 89
Define the Project……Page 30
Create the Work Plan……Page 101
Tracking a Project……Page 106
Manager’s Checklist for Chapter 5……Page 107
Using a Partner for Proofreading……Page 109
Errors Created by Spreadsheet Programs……Page 110
Automatic Cross-Checking in Spreadsheets……Page 113
Document Version Control……Page 114
Verifying Budgetary Assumptions……Page 117
Manager’s Checklist for Chapter 6……Page 118
7. Preparing for Presentation……Page 123
Combining Parts of Your Budget……Page 121
Revising Budgetary Assumptions……Page 124
Creating Templates and Formatting a Budget……Page 126
Adding Account Codes……Page 127
Preparing a Budget Presentation……Page 128
Presentation Formats……Page 134
Manager’s Checklist for Chapter 7……Page 138
Getting the Budget Authorized……Page 140
Adjusting to the Authorized Amount……Page 143
Setting up Your Budget with Accounting……Page 145
Spending at the Beginning and the End of the Year……Page 150
Manager’s Checklist for Chapter 8……Page 151
9. Tracking Your Budget……Page 153
Authorizing and Tracking Expenses……Page 154
Closing a Budget Period……Page 159
Overspending and Underspending……Page 161
Reviewing Financial Statements……Page 164
Manager’s Checklist for Chapter 9……Page 168
10. Budgeting and Human Resources……Page 170
HR Management and HR Services……Page 171
Use of Consulting Services and Outsourcing……Page 172
Departmental Control……Page 173
Putting It All Together……Page 182
Manager’s Checklist for Chapter 10……Page 183
11. Small Business Money Management……Page 185
Estimating Business Income……Page 187
Small Business Payroll……Page 190
General Financial Management……Page 191
Seasonal Fluctuation and Available Cash……Page 192
Setting Prices……Page 195
Budgets for Customer Proposals……Page 199
Manager’s Checklist for Chapter 11……Page 8
Negotiating for Your Budget……Page 201
Improving Your Estimation Skills……Page 203
Timing Your Budget Preparation……Page 205
The 15-Month Budget……Page 206
Manager’s Checklist for Chapter 12……Page 207
Index……Page 210