Budgeting and Performance

The Capable Manager -- Book 14

The Open University

Publisher: The Open University, 1995

ISBN: 0-7492-7106-X

Synopsis:

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Table of Contents:

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• Session 1 Understanding Budgets
• Introduction
• 1.1 The Budgeting Process
• 1.2 Performance and Control
• A framework for discharging responsibility
• 1.3 Budgets and People
• Management by objectives
• Behavioural aspects in perspective
• Summary and objectives
• Session 2 Building and Managing a Budget
• Introduction
• 2.1 Starting to Plan
• 2.2 Budget Development
• Budget structure
• 2.3 Four Types of Budget
• Incremental budgeting
• Zero-based budgeting (ZBB)
• Rolling budgets
• Fixed and flexible budgeting
• 2.4 Video and PC Activities
• Summary and objectives
• Session 3 Measuring Performance
• Introduction
• 3.1 Performance Indicators: Efficiency and Effectiveness
• 3.2 Financial Ratios
• Return on capital employed (ROCE)
• Analysing the flow of finance
• The secondary ratios
• The primary ratio is the product of the secondary ratios
• Terrestrial Trading's results compared to budget
• The Pyramid of ratios
• 3.3 Audio, video and PC Activities
• Summary and objectives
• Session 4 Financial Spreadsheets
• Introduction
• 4.1 Models and Spreadsheet Modelling
• Models and modelling
• Advantages and disadvantages of spreadsheet modelling
• Starting to spreadsheet
• An example of spreadsheet modelling
• 4.2 Two Spreadsheets for Managing Personal Finance
• A Personal income and expenditure spreadsheet
• A personal income tax spreadsheet
• 4.3 Spreadsheets for Flexible Budgeting and Break-Even Analysis
• Fixed and flexible budgets
• Break-even and profit-volume analysis
• 4.4 Three Interlinked Spreadsheets for Financial Planning
• Profit planning
• Cash planning
• Balance sheet planning
• 4.5 Modelling in Action
• Financial models — a contextual review
• Checks and controls
• Summary and objectives
• Appendix Internal Audit and Control