Description
Viva Books Basics of Budgeting Become a Better Business Planner 2011 Edition by Terry Dickey
Have you just been asked to create your first budget? Have you learned from experience that there are skills you need help with? You can gain practical tips and techniques quickly to help you participate in the budgeting process with confidence. Learn skills proven in the real world that you can apply on the job right away.Basics of Budgeting covers exactly that: the common elements within income statements and departmental expense reports and the calculations that address common challenge in each. You’ll learn how to:• Understand and apply the principles of strategic planning• Accurately budget for sales, labor, depreciation and other expenses• Present your own budgets successfully• Review the budgets of others with greater understandingContents: 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