Basics of Budgeting, 2/e

Contents:

Part 1: The Basics of Planning • Why Brother • Reasons Companies Plan • The Planning Cycle • The Planning Philosophies • Effective Planning in Your Organization • Standards of Precision • The Information Frontier • Rules for Jungle Fighters • Part 2: How to Build a Strategic Plan • How to Build Plans Efficiently • A Strategic Plan • The Mission Statement • Analyzing the External Environment • Analyzing the Internal Capabilities • Putting It All Together • Part 3: Annual Operating Plan Preliminaries • Drafting Annual Goals • Organizational Planning • Creating a Fiscal Calendar • Fiscal Managers • Accounting System Tune-Up • Part 4: How to Budget Sales and Cost of Sales • A Five-Step Approach to Sales History • Assumptions: Improving Your Vision of the Future • Projections: Building a Chain of Inference • How to Budget Cost of Sales • Part 5: How to Budget Labor Expenses • Labor Expenses • Payroll Calculations • Handling Increases • Labor Planning Tips • Part 6: How to Budget Depreciation and Other Expenses • Other Expenses • Depreciation Expense • Quick Estimates of Depreciation Expense • Part 7: Balance Sheet and Cash Plans • Balance Sheet and Cash Flow Overview • Balance Sheet Calculations • Part 8: Reviewing, Planning, and Executing Budgets • How to Conduct Budget Reviews • How to Participate in a Budget Review • Planning and Executing a Budget Process • Part 9: Adjusted Plans and Forecasting • How to Create and Adjusted Plan • Managing Adjusted Plans • Creating Forecasts • Using Plans to Improve Business Control