Budgeting and Decision Making -

Budgeting: Planning for Success Importance of Budgets Forms and Functions Avoiding Business Chaos An Electrifying Case in Budgeting Recapping Benefits of Budgeting Budget Processes and Human Behavior Budget Construction Mandated Budgets Participative Budgets Blended Approach Organizational Structure Considerations Flattening the Organization Chart Budget Estimation Slack and Padding Zero-Based Budgeting The Impossible Budget and Employee Capitulation Ethical Challenges in Budgeting Components of the Budget Sales Budget Production Budget Direct Material Purchases Budget Direct Labor Budget Factory Overhead Budget Selling and Administrative Expense Budget Cash Budget Budgeted Income Statement and Balance Sheet External Use Documents Performance Appraisal Budget Periods and Adjustments Continuous Budgets Flexible Budgets Encumbrances Tools for Enterprise Performance Evaluation Profit Center Investment Center Responsibility Centers Cost Center Profit Center Investment Center Affixing Responsibility Responsibility Center Reports The Power of a Data Base System Management by Expansion The Power of a Data Base System Traceable Versus Common Fixed Costs Management by Expansion Flexible Budgets Flexible Budget for Performance Evaluations Flexible Budgets for Planning Flexible Budgets and Efficiency of Operation Standard Costs Setting Standards Philosophy of Standards The Downside of the Standards Variance Analysis Variances Relating to Direct Materials An Illustration of Direct Material Variance Calculations Journal Entries for Direct Material Variances When Purchases Differ From Usage Variances Relating to Direct Labor An Illustration of Direct Labor Variance Calculations Journal Entries for Direct Labor Variances An Illustration of Variable Overhead Variances Variances Relating to Variable Factory Overhead Exploring Variable Overhead Variances An Illustration of Variable Overhead Variances Journal Entry for Variable Overhead Variances Careful Interpretation of Variable Overhead Variances Variances Relating to Fixed Factory Overhead An Illustration of Foxed Overhead Variances Journal Entry for Fixed Overhead Variances Recapping Standards and Variances Examining Variances Balanced Scorecard Approach to Performance Evaluation The Balance Scorecard in Operation Reporting Techniques in Support of Managerial Decision Making Variable Versus Absorption Costing Absorption Costing Variable Costing Variable Costing in Action A Double-Edge Sword Avoiding a Downward Spiral Confused?An In-Depth Comparison of Variable Costing and Absorption Costing Income Statements The Impact of Inventory Fluctuations Segment Reporting Internal of Segment Data The Problem of Segment Income Measurement Contribution Income Statement Format External Reporting of Segment Data Measures of Residual Income Keeping Residual Income in Perspective Concepts in Allocating service Department Costs The Direct Method of Allocating Service Department Cost The Step Method of1 allocating Service Department Cost Multiple Steps and Simultaneous Allocations Leveraging the Power of Modern Information Systems Line Item VS. Object of Expenditure Business Dashboard Analytics for Managerial Decision Making Cost Characteristics and Decision-Making Ramifications Sunk Costs VS. Relevant Costs A Basic Illustration of Relevant Cost/Benefit Analysis Complicating Factors Business Decision Logic Outsourcing Outsourcing Illustration Capacity Considerations in Outsourcing Illustration of Capacity Considerations Qualitative Issues in Outsourcing Special Orders Capacity Constraints and the Impact on Special Order Pricing Discontinuing a Product Department, or Project The 80/20 Concept Compound Interest and Present Value Compound Interest Future Value of Annuities Future Value of an Annuity Due Future Value of an Ordinary Annuity Present Value Present Value of an Annuity Due Present Value of an Ordinary Annuity Electronic Spreadsheet Functions Challenge Your Thinking Impact of Changes in Interest Rates Emphasis on After Tax Cash Flows Accounting Rate of Return Internal Rate of Return Payback Method Conclusion