In an increasingly cost conscious world, control over your organisation's income and expenditure is vital. For most successful organisations this control begins with a Budgeting process that sets the scene and forms the basis for the business operation for the year ahead. But for many people Budgeting is a time-consuming nuisance to be endured with as little patience and commitment as is possible, sometimes with little or no understanding of what it entails. This guide aims to help you to design and implement budgeting procedures that encourage and support good financial management. It will help you to manage your resources more effectively, examine your profitability and show you how to produce good financial results.

About the author 3 Introduction 6 How to use this guide 7 What this guide covers 8 What will you learn from this guide? 8 Chapter One So, what is a budget? 10 Cost Centres 11 In summary 13 Chapter Two Categories of costs 14 Capital costs and revenue 17 Costs Direct costs and indirect costs 20 Fixed costs and variable costs 27 In summary Chapter Three Costing techniques 32 Total absorption costing 33 Marginal costing 36 Break-even calculations 39 Margin of safety 41 Profit-protected break-even calculations 43 Calculating break-even points for changing values 44 Competitive costing 48 Cost appointment 49 Opportunity costs 52 In summary 54 Chapter Four Budgets and budgeting 55 Budgeting techniques 60 Incremental budgeting 61 Zero-based budgeting 65 Contingency budgeting 68 Keeping a budget journal 70 Flexed budgeting 73 Seasonally analysed budgeting 80 In summary 84 Chapter five Budgetary control 86 Variance analysis 93 Cumulative budget analysis 99 In summary 104 Chapeter six A budget system check list 106 Start a budget journal 106 Understand your costs 106 Calculate the numbers 108 Predict the future 110 Create the budget! 111 Prepare for monitoring 112 Other guides in the series 115

 

The Easy Step by Step Guide to Better Budgeting for Your Business by Brian B. Brown
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