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Budgeting Basics and Beyond, by Jae K. Shim, Joel G. Siegel
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If the very thought of budgets pushes your sanity over the limit, then this practical, easy-to-use guide is just what you need. Budgeting Basics and Beyond, Third Edition equips you with an all-in-one resource guaranteed to make the budgeting process easier, less stressful, and more effective. Written by Jae Shim and Joel Siegel, the new edition covers Balanced Scorecard, budgeting for nonprofit organizations, business simulations for executive and management training, and much more!
- Sales Rank: #1403431 in Books
- Published on: 2008-11-03
- Released on: 2008-09-29
- Original language: English
- Number of items: 1
- Dimensions: 9.09" h x 1.20" w x 5.96" l, 1.15 pounds
- Binding: Paperback
- 448 pages
From the Back Cover
The newly updated hassle-free resource that's guaranteed to make the budgeting process easier, less stressful, and more effective
If the very thought of budgets pushes your sanity over the limit, then this practical, easy-to-use guide is just what you need. Budgeting Basics and Beyond, Third Edition equips managers with an all-in-one resource guaranteed to make the budgeting process easier, less stressful, and more effective. Now updated in a new Third Edition to give today's busy financial managers and executives the helpful information they need in a quick-reference format, the new edition covers Balanced Scorecard, budgeting for nonprofit organizations, business simulations for executive and management training, and much more!
This handy desk reference and problem-solver will help you to speed and simplify your day-to-day work on important areas from preparing and presenting budgets, to monitoring results against budget figures, to Web-based budgeting and planning solutions.
The Third Edition includes helpful material on such topics as:
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Financial models that show the relationship among all facets of the business
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Planning and scheduling production and related costs
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Pricing guidelines for products and services
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Techniques for preparing more accurate, realistic, and reliable estimates
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Balanced Scorecard and budgeting
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Control and variance analysis devices that signal revenue, cost, and operations thresholds
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Profit planning and identifying looming problems
Brimming with case studies, illustrations, exhibits, forms, checklists, graphs, samples, and worked-out solutions to a wide variety of budgeting, planning, and control problems, Budgeting Basics and Beyond, Third Edition is an invaluable overview of the budgeting process that takes you step by step in handling any type of budgeting problem that comes up—and beyond.
About the Author
JAE K. SHIM, PhD, has authored or coauthored more than fifty professional and college finance and accounting books. He is CEO of Delta Consulting Co., a financial consulting and training firm, and has been a consultant to commercial and nonprofit organizations for over thirty years.
JOEL G. SIEGEL, PhD, CPA, is the author of over fifty books and has written hundreds of articles for accounting and financial journals. Dr. Siegel has acted as consultant in accounting issues to many organizations, including IT&T, Citicorp, and Person/Wolinsky CPA Review.
Most helpful customer reviews
20 of 22 people found the following review helpful.
Budgeting Basics & Beyond (Third Edition): Overall Disappointment
By Serge J. Van Steenkiste
Jae Shim and Joel Siegel introduce their audience to the budgeting process in both the profit and non-profit sectors. Unfortunately, the authors fail to deliver on the expectations that this book generates for several reasons. First, and most importantly, the third edition of "Budgeting Basics & Beyond" contains a number of mathematical errors or missing numbers. Think for example about the second table of example 1 (p. 254), exhibit 17.5 (p. 263), and exhibit 20.5 (p. 316). Secondly, the book under review also contains errors in the legend of a number of exhibits and typos in text formulas. Think for example about exhibit 1.3 (p. 15), the bottom of schedule 1 (p. 79), and the definition of profit variance analysis for multiple products (pp. 138-139). All these errors confirm ironically what Shim and Siegel quote on p. 264: `Between 78 and 97 per cent of spreadsheets contain "serious material errors" with a potential to devastate the bottom line.' Thirdly, the book contains too many "skeleton" templates with little content or no content that add value to this manual. Think for example about the templates which are reproduced on pp. 205-223 in chapter 13. Fourthly, the third edition of "Budgeting Basics & Beyond" does not make extensive use of Excel screenshots to clarify a number of concepts. Think for example about the income approach to valuation, more specifically the discounted cash flow (DCF) method (pp. 297-302). To summarize, the book under review should be redone and proofread thoroughly before being put on sale anywhere.
5 of 6 people found the following review helpful.
What is wrong with people who write textbooks
By Charles
Honestly....I am starting to think that those who write textbooks really don't care about people attempting to learn their knowledge. This book's author does a horrible job at breaking down the terminology in a book and explaining it to someone who has no concept of budgeting. WOW you can use big words that you understand.....but guess what? Those you are selling your book to have no idea what you are saying. Here is a marketing tip for you....have consumers read it before you publish it. What in the hell is wrong with textbook authors? Honestly, it is a great feat that you have a Masters or PhD, but it is sad to know that those with such high educational levels don't understand the basic concept of making the ability to learn easier. Yes i can spend hours upon hours of looking words up in the dictionary (and i have), but this doesn't make my motivation higher to want to learn. In fact, you stifle students ability to pay attention. Textbook authors suck...except for the VERY VERY few. This book should no be purchased by anyone and should not be pushed on students like some colleges do.
1 of 1 people found the following review helpful.
interesting
By ankakaro
Learned something new, interesting book and could be useful for people who decide to follow up with a star up
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