Text by Dr. Jae Shim & Dr. Norman Henteleff(This text is specifically for use by University of Wyoming and includes no continuing education credit except for credit offered by University of Wyoming in connection with its courses of study)
276 Pages
A budget is the formal expression of plans, goals, and objectives of management that covers all aspects of operations for a designated time period. The budget is a tool providing targets and direction. Budgets provide control over the immediate environment, help to master the financial aspects of the job and department, and solve problems before they occur. Budgets focus on the importance of evaluating alternative actions before decisions are actually implemented. This course explains what budgets are, how they work, how to prepare and present them, and how to analyze budget figures and results. The new development and use of budgets at various managerial levels within a business are discussed. The course is intended for business professionals engaged in budgeting, financial planning, profit planning, and control.
Major Subjects:
- The What And Why Of
Budgeting
- Strategic Planning
And Budgeting
- Profit Planning:
Targeting And Reaching
Achievable Goals
- Administering The
Budget: Reports,
Analyses, And
Evaluations
- Cost Behavior:
Emphasis On Flexible
Budgeting And
Contribution Margin
- Responsibility
Accounting And Reporting
Management
- Master Budget:
Genesis Of Forecasting
And Profit Planning
- Using Variance
Analysis To Evaluate
Performance
- Budgeting Sales And
Sales Forecasts
- Budgeting
Manufacturing Costs
- Budgeting For Sales,
Advertising And
Distribution Expenses
- Budgeting General
And Administrative
Expenses
- Budgeting Research
And Development
- Cash Flow
Forecasting And Cash
Budgeting
- Use Of A Spreadsheet
Program And Software For
Budgeting
- Budgeting Capital
Expenditures
- Zero-Based
Budgeting: Priority
Budgeting For Best
Resource Allocation
- Budgeting For
Service Organizations
- Budgeting For
Non-Profit Organizations
