Customer Reviews

Essential Managers: Managing Budgets

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This short book provides a clear blueprint for managers faceing the insidious hurdles of P&L management for the first time. The chapters provide an easy progression from basic COGS management to allocating scarce dollars between competing interests and simultaneously controlling the small items which eat into your profit margin. It is sufficiently general enough in scope to be applied to a number of different situations but specific enough to offer concrete advice.

Money in...Money out. How do you control the flow and make sure you balance your budget? To learn all you need to know about the budgeing process, you have to first consider the expenditures, anticipate revenues and correct errors.

"Budgeting is the process of preparing, compiling, and monitoring financial budgets. It is a key management tool for planning and controlling a department within an organization."

Tips like: "Always remember that if you fail to plan, you are planning to fail" sounded familiar. Monitoring Budgets is a helpful chapter as it also has a case study. Graphs, charts and a budget analysis all add to the fun.

This compact reminder will help managers to keep an eye on the company budget and will give them some new ideas. I still think a copy of this book would be handy for everyone in Congress.

~The Rebecca Review

I was looking for a better book and this book did not give me all the knowledge I was looking for