1. The What and Why of Budgeting: An Introduction

  1. Jae K. Shim,
  2. Joel G. Siegel and
  3. Allison I. Shim

Published Online: 9 MAR 2012

DOI: 10.1002/9781118387023.ch1

Budgeting Basics and Beyond, Fourth Edition

Budgeting Basics and Beyond, Fourth Edition

How to Cite

Shim, J. K., Siegel, J. G. and Shim, A. I. (2011) The What and Why of Budgeting: An Introduction, in Budgeting Basics and Beyond, Fourth Edition, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9781118387023.ch1

Publication History

  1. Published Online: 9 MAR 2012
  2. Published Print: 17 OCT 2011

ISBN Information

Print ISBN: 9781118096277

Online ISBN: 9781118387023

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Keywords:

  • budgets;
  • budgeting allocation;
  • financial plan;
  • intermediate budgets;
  • master budget

Summary

This chapter contains sections titled:

  • Planning

  • Types of Budgets

  • Budgetary Process

  • Budget Coordination

  • Departmental Budgeting

  • Actual Costs Versus Budget Costs

  • Budget Revision

  • Budget Weaknesses

  • Budgetary Control and Audit

  • Computer Applications

  • Motivation

  • Advantages and Disadvantages of Budgets

  • Budgetary Slack: Padding the Budget

  • Summary