Page 218 - Budgeting for Managers

Physical inventory, 63, 64
defining scope, 73–84
Plans, defined, 2
keys to success, 78
PowerPoint slideshows, 117–118,
proposals for, 178–182
120–121
Pre-authorized budgets, 123, 124 defined, 7 Index 201
recommended budgeting
Predictions. See also Estimates; approach, 6–7, 8
Income forecasts sample budget, 91
as budgeting stage, 10–12 tracking, 89–90
comparing with actual budgets, Proofreading. See also Errors
144 budgetary assumptions, 100
past, 42–43, 44 budgets, with partners, 16, 92
in short- versus long-term final steps, 101
budgeting, 24–29 work plans, 88
Presentations Proposals, 178–182
as budgeting stage, 17 Purchase orders, 138
formats for, 117–121 Purchasing process, 138–141
preparing, 111–117 Purpose of projects, 75
Pre-tax withholding, 163, 164 Q
Pricing, 178, 179 Quarterly budgets, additional,
Production capacity limits, 171 189–190
Production plans, 57 Quick Project Overview
Production work
blank form, 76–77
account categories and line
item names, 50 completing, 78
field definitions, 73–75
converting data for past peri- newsletter sample, 79–84
ods, 45–50
defined, 7 R
estimating income and expens- Raises, 5
es, 56–58 Ranges, exact figures versus,
estimating line items, 58–61 115–116
gathering past information, Ranges of variation, 53
42–45 Reading aloud, 93
recommended budgeting Reconciliation of accounts,
approach, 6, 8 35–36, 142–143
sample manufacturing budget, Reorganizing departments,
61–71 158–159
Product lines, 32 Restaurant jobs, 165
Project Budget Summary, 89, 90 Restricted funds, 4
Project plans, 73–84 Review stage, 12, 13
Projects Revising draft plans, 84
calculating costs, 26, 28, 89 Rolling budgets, 189
creating work plans, 84–88 ROUND() command, 95