This reference provides practical guidelines on all aspects of budget preparation, presentation and utilization. Included in this edition are new chapters on budgeting processes within specific industries, and practical working examples of forms, techniques and financial reports.
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A budget is the formal expression of the plans and objectives of management that covers all phases of operations for a specific period of time. Without clearly outlined budgets, corporations are unable to predict profits or losses or create plans for the future. The Fifth Edition of the Handbook of Budgeting has been fully revised and updated to help you keep up with this ever–changing world. This handbook shows controllers and budget directors how to create any style of budget, from traditional approaches to more cutting–edge approaches. Divided into five informative parts: An Introduction to Budgeting, Tools and Techniques, Preparation of Specific Budgets, Budgeting Applications, and Industry Budgets, this book provides complete coverage of the preparation, presentation, analysis, and effective use of the budgeting function. The Fifth Edition of the Handbook of Budgeting covers all facets of budget presentation for both profit and nonprofit organizations, and includes chapters on specific industries such as healthcare, biotechnology, and higher education. Numerous checklists and examples will ensure your understanding of this critical topic and help you enhance your budgeting skills.
William Rea Lalli, CPA, is the founder and CFO of WillCo LLC, a premier provider of continuing professional education in the study of budgeting, planning, forecasting, corporate finance, auditing, accounting, and taxation. After a successful career in public accounting with the world’s largest firm and AICPA, Mr. Lalli held progressively responsible executive positions with the world’s largest conference organizers. He has been published many times by AICPA, and is on the Board of Advisors of The Journal of Corporate Accounting & Finance.
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