Budgeting and Decision Making

Budgeting and Decision Making Download free books at... Budgeting: Planning for Success 1.1 Forms and Functions 1.2 Avoiding Business Chaos 1.3 An Electrifying Case in Budgeting 1.4 Rec

Budgeting and Decision Making

Download free books at

2

Budgeting and Decision Making

© 2009 Larry M Walther, under nonexclusive license to Christopher J Skousen & Ventus Publishing ApS All material in this publication is copyrighted, and the exclusive property of Larry M Walther or his licensors (all rights reserved)

ISBN 978-87-7681-492-2

Download free eBooks at bookboon.com

Budgeting and Decision Making

3

Contents

9 10

10 10 11 12

14

14 14 15 16 16 16 17 17 17 18 19

20

21 23 24 26

Contents

Part 1 Budgeting: Planning for Success

1.1 Forms and Functions

1.2 Avoiding Business Chaos

1.3 An Electrifying Case in Budgeting

1.4 Recapping Beneits of Budgeting

2.1 Budget Construction

2.2 Mandated Budgets

2.3 Participative Budgets

2.4 Blended Approach

2.5 Organizational Structure Considerations

2.6 Flattening the Organization Chart

2.7 Budget Estimation

2.8 Slack and Padding

2.9 Zero-Based Budgeting

2.10 The Impossible Budget and Employee Capitulation

2.11 Ethical Challenges in Budgeting

3.1 Sales Budget

3.2 Production Budget

3.3 Direct Material Purchases Budget

3.4 Direct Labor Budget

Download free eBooks at bookboon.com

Click on the ad to read more

www.sylvania.com

We do not reinvent the wheel we reinvent light.

Fascinating lighting offers an ininite spectrum of possibilities: Innovative technologies and new markets provide both opportunities and challenges

An environment in which your expertise is in high demand Enjoy the supportive working atmosphere within our global group and beneit from international career paths Implement sustainable ideas in close cooperation with other specialists and contribute to inluencing our future Come and join us in reinventing light every day.

Light is OSRAM

Budgeting and Decision Making

4

Contents

3.5 Factory Overhead Budget

3.6 Selling and Administrative Expense Budget

3.7 Cash Budget

3.8 Budgeted Income Statement and Balance Sheet

3.9 External Use Documents

3.10 Performance Appraisal

4.1 Continuous Budgets

4.2 Flexible Budgets

4.3 Encumbrances

Part 2 Tools for Enterprise Performance Evaluation

5.1 Centralized Versus Decentralized Decision-Making

5.2 Responsibility Centers

5.3 Cost Center

5.4 Proit Center

5.5 Investment Center

5.6 Afixing Responsibility

5.7 Responsibility Center Reports

5.8 The Power of a Data Base System

5.9 Traceable Versus Common Fixed Costs

5.10 Management by Expansion

26 28 29 31 31 33

34

34 34 35

36 37

37 38 38 39 39 40 41 44 44 45

Download free eBooks at bookboon.com

Click on the ad to read more

360°

© Deloitte & Touche LLP and affiliated entities.

Discover the truth at www.deloitte.ca/careers