Comprehensive Profit Budget

Author: Mo Zhenglin
Publisher:
Publish Date: 2006-01-01
Features: This book covers both manufacturing and non-manufacturing industries (such as services, retail, etc.), filling the gap left by traditional budgeting books that only focus on manufacturing. It provides a detailed explanation of revenue, production, raw material procurement and usage, direct labor, and the planning and control (budgeting) of various expenses, covering all aspects of enterprise management and operations. When explaining these specific planning and control methods and strategies, the author emphasizes discarding the traditional view that budgeting and control are solely the responsibilities of finance and accounting personnel, advocating for responsibility distribution across the entire enterprise. It proposes that all employees () at all levels have the duty to prepare budgets and take responsibility for their respective budgets. It highlights that the achievement of corporate goals (both long-term strategic and short-term tactical goals) relies on the collective effort of all employees and coordinated development throughout the organization. It also underscores the importance of effective communication and comprehensive control in the process of planning and executing budgets. Notably, this book differs from traditional budgeting books with their overly verbose text and rigid, didactic style. It includes numerous examples, charts, and practical budgeting templates, with the case study of the Yuntong Manufacturing Company's budgeting process, making the book highly practical. The detailed examples of full-profit budgeting also make it easy for readers to grasp budgeting techniques and key considerations.