Budgeting

Help managers appreciate the importance of budgets to business activity and to give guidance on building up and controlling a budget. The owner of a small manufacturing business finds himself in a typical predicament. Sales are up 50 percent on the previous year but profits are down. His knowledgeable friend is able to explain that the increase and the extra expenditure it incurred were not previewed in the original budget.

Features and applications:

• A straight forward explanation of what a budget is, why it works, and how it is put together
• Excellent use of graphics to aid understanding

Key Skills: