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The Managing Budgets
Pocketbook
There are two ways to control the
profitability of a business: through budgeting and through knowing
and understanding internal product costs. Effective strategic
decisions cannot be made without fully comprehending these vital
issues. The Managing Budgets Pocketbook explains the link
between these two methods of control and how they support each
other. It covers the difference between revenue and capital budgets,
the do's and don't's of good practice and the importance and best
methods of product costing.
The Improving
Profitability Pocketbook
Profitability, rather than profit, is the
key measure of a business's performance. If you know how to measure
profitability, you will be able to manage it, and understand which
decisions increase it. The Improving Profitability Pocketbook
looks at the essential areas of effective use of assets (Asset Turn)
and cost-efficiency (Return on Sales). It also includes detailed
sections on capital expenditure appraisal, how to evaluate make/buy
decisions, and how to use a profit-cost-volume model.
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