Manager's Budget Management

Author: John A. Tracy
Publisher:
Publish Date: 2004-07-01
Features: A renowned American financial management expert and author of best-selling financial books! Using simple language, it concisely and clearly explains various budgeting topics, providing a simple and easy-to-learn budget management method for busy, time-constrained business managers. It clarifies the purpose, advantages, necessary steps, and analytical tools of budgets for businesses at all stages, helping managers achieve three financial goals: profitability, planning and controlling the investment required for profitable operations, and generating cash flow from profits. Based on a company's financial statements, the book analyzes the differences between internal and external reports, explaining the purpose, advantages, steps, and necessary tools of budget management. The entire book covers the entire process of budgeting, including income statements, operating ratios, cash flow, cost allocation, balance sheets, profit margins, trade-offs between sales price and sales volume, and capital investments. The author explains various budgeting topics in simple language, enabling business managers to choose budgeting methods suitable for their companies by reading this book, understand the operational status of their businesses, and comprehensively improve their company's profitability and cash flow.