Budgeting and Performance

The Capable Manager — Book 14

The Open University

Publisher: The Open University, 1995, 78 pages

ISBN: 0-7492-7106-X

Keywords: Finance, MBA

Last modified: Jan. 25, 2014, 1:21 p.m.

If you're new to management, or you need to develop your managerial abilities and understanding, the Professional Certificate in Management is for you. It provides a broad-based, practical introduction to the key ideas, techniques and overall competencies you need in order to manage effectively and productively in modern organisations in any part of the world.

The emphasis is on your own professional development. Everything you study is related to the management roles and responsibilities you exercise in the various functional areas of your company or organisation.

All the elements of the programme — study texts, activities and assignments, online resources, and personal and group support — ensure that you can immediately apply newly learned skills, knowledge and techniques in very practical ways. You can build on your experience and make direct links to your management development needs wherever you are in the world, whatever the size of your organisation and whether it is in the commercial, public or voluntary sector.

  • Session 1 Understanding Budgets
    • Introduction
    • 1.1 The Budgeting Process
    • 1.2 Performance and Control
      • A framework for discharging responsibility
    • 1.3 Budgets and People
      • Management by objectives
      • Behavioural aspects in perspective
    • Summary and objectives
  • Session 2 Building and Managing a Budget
    • Introduction
    • 2.1 Starting to Plan
    • 2.2 Budget Development
      • Budget structure
    • 2.3 Four Types of Budget
      • Incremental budgeting
      • Zero-based budgeting (ZBB)
      • Rolling budgets
      • Fixed and flexible budgeting
    • 2.4 Video and PC Activities
    • Summary and objectives
  • Session 3 Measuring Performance
    • Introduction
    • 3.1 Performance Indicators: Efficiency and Effectiveness
    • 3.2 Financial Ratios
      • Return on capital employed (ROCE)
      • Analysing the flow of finance
      • The secondary ratios
      • The primary ratio is the product of the secondary ratios
      • Terrestrial Trading's results compared to budget
      • The Pyramid of ratios
    • 3.3 Audio, video and PC Activities
    • Summary and objectives
  • Session 4 Financial Spreadsheets
    • Introduction
    • 4.1 Models and Spreadsheet Modelling
      • Models and modelling
      • Advantages and disadvantages of spreadsheet modelling
      • Starting to spreadsheet
      • An example of spreadsheet modelling
    • 4.2 Two Spreadsheets for Managing Personal Finance
      • A Personal income and expenditure spreadsheet
      • A personal income tax spreadsheet
    • 4.3 Spreadsheets for Flexible Budgeting and Break-Even Analysis
      • Fixed and flexible budgets
      • Break-even and profit-volume analysis
    • 4.4 Three Interlinked Spreadsheets for Financial Planning
      • Profit planning
      • Cash planning
      • Balance sheet planning
    • 4.5 Modelling in Action
      • Financial models — a contextual review
      • Checks and controls
    • Summary and objectives
  • Appendix Internal Audit and Control


Budgeting and Performance

Reviewed by Roland Buresund

Decent ****** (6 out of 10)

Last modified: May 21, 2007, 2:54 a.m.

MBA material, what do you expect?


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