Better Budgeting for Enhanced Business Planning

[book24h]

Free Download Better Budgeting for Enhanced Business Planning by Rob Stephens
English | November 3, 2024 | ISBN: N/A | ASIN: B0DLXS14HP | 325 pages | EPUB | 9.54 Mb
Are you tired of the drama and dysfunction in the business budgeting process? Budgeting consumes a massive amount of time and resources. It's a stressful and busy time.

Are there ways to improve the effectiveness of the investment we make in the budget process? Can we make better budgeting decisions that lead to higher performance?
There are options within and beyond traditional budgeting. Every company should consider these options to discover which could improve their budgeting process.
This book starts by outlining the benefits and challenges of budgeting. Throughout, I'll provide tips and alternative budget systems that can mitigate these challenges and capture more benefits.
Next, you'll learn or revisit some foundational concepts for budgeting. I'll build on these to show the pros and cons of later budgeting tips, ideas, and alternatives.
The master budget is a collection of many sub-budgets. I'll show how these fit together to form an aligned plan to achieve a company's strategic goals. There's a method to the madness of when different types of assumptions and calculations are layered into the budget. However, the process is not entirely sequential. It abounds with iterative loops.
The third section walks step-by-step through the budget formation process. The purpose and role of the budget can best be explained in the context of strategic planning. We'll explore which analyses can be done throughout the year to take pressure off the very busy budgeting season. Some lessons cover the nuts and bolts of budget reporting and budgeting tools.
I'll explore a series of budgeting alternatives in the final section of the course. We'll look at rolling forecasts, zero-based budgeting, activity-based budgeting, and many others. We'll also look at operating without a budget. Each alternative has pros and cons that I'll list.
Each lesson in this section gives an overview of the budget alternative to help you decide whether you want to pursue that alternative further. Even if you don't fully adopt these alternatives, you can find ideas to improve your budgeting process.
The course concludes by revisiting budgeting process challenges and how the tips and alternatives presented in the course can address or mitigate those challenges.
The course author has been the CFO, SVP of Finance, or Director of Operations of companies with just a few employees to companies with $3 billion in assets and hundreds of employees. He's led, facilitated, or participated in the budgeting process many times.
Praise for Better Budgeting for Enhanced Business Planning"Loved it! I've been doing financial planning and analysis for 25 years. This is an excellent overview and thought-provoking. Well done!"
"Amazing book that will assist anyone who goes through the budgeting process each year. Great step-by-step ideas for each aspect of an annual budget."
"Very detailed and informative guide to budgeting. I found this very helpful and plan to use some of the tips in my own budget process this year."


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