Preface. Section I: Preparing to Operate the Business. Chapter 1: Budgeting for Operations. Definition or Purpose of an Operating Budget. Signs of Budget Ineffectiveness. Improvements to the Budgeting System. Responsibility Accounting. Budget Tracking and Maintenance. The System of Interlocking Budgets. Need for Budget Updating. Summary. Chapter 2: Investing in Long-Term Assets and Capital Budgeting. Definitions. Overview and Use of Capital Budgeting. Life Cycles. Capital Budgeting Sequence. Producing Numbers to Get Dollars, the Use of Forms, and the Capital Budgeting Model. Miscellaneous Considerations. Product Discontinuance. Bailout. Summary. Appendix: Examples and Comparison of Calculations. Chapter 3: Basic Control Systems. The Need for Control Systems. Types of Fraud. Key Controls. When to Eliminate Controls. Summary. Section II: Operating the Business. Chapter 4: Cash Flow Concerns. Cash. What to Do with Excess Cash. Cash Flows. Introduction to Cash Flow Budgets. Indications of Cash Flow Problems. Managing Cash. Preparation of the Cash Budget. Disbursements. Net Cash Flow and Cash Balances. Exceptions to Expected Cash Flows. Summary. Appendix: Cash Flow Example. Chapter 5: Financing. New Businesses. Zero Working Capital and Zero Fixed Assets. Types of Financing. Private Placement of Stock. Swapping Stock for Expenses. Stock Warrants. Stock Subscriptions. How to Obtain a Bank Loan. Sources of Debt Financing. Types of Loan Arrangements. Restrictions on Loans. Conditions That a Borrower Should Seek. Summary. Section III: Evaluating the Operations of the Business. Chapter 6: Performance Measurement Systems. Financial Ratios. Types of Financial Ratios. Using Performance Measurements for Predictions. Operating Ratios. Other Ratios. The Balanced Scorecard. Summary. Chapter 7: Financial Analysis. Risk Analysis. Capacity Utilization. Breakeven Analysis. Summary. Chapter 8: Taxes and Risk Management. Controlling Tax Liabilities. Risk Management. Insurance. Types of Insurance Companies. Claims Administration. Summary. Chapter 9: Reporting. Federal Government Requirements. State Government Requirements. Local Government Requirements. Creditors. Equity Holders. Management Reports. Summary. Index.
Steven Bragg, CPA, CMA, CIA, CPIM, has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst & Young and auditor at Deloitte & Touche. He received a Master's degree in finance from Bentley College, an MBA from Babson College, and a Bachelor's degree in Economics from the University of Maine. He has been the two-time president of the Colorado Mountain Club, is an avid alpine skier and mountain biker, and is a certified master diver. Subscribe to Steve's free best practices newsletter at www.stevebragg.com E. James Burton, Ph.D., CPA, CFE, is dean of the College of Business and a full professor of accounting at Middle Tennessee State University. He has founded, owned, managed, and sold a number of businesses in a variety of areas from service to manufacturing. He received a Bachelor of Arts degree from MacMurray College in economics/business, a Master of Business Administration degree from Murray State University in management, and a Ph.D. in accountancy from the University of Illinois at Urbana-Champaign. In addition to over 50 journal articles, he has written Total Business Planning: A Step-by-Step Guide with Forms that has continued through three editions and translation into Norwegian. He resides in Murfreesboro, Tennessee.