Skip navigation

Bookboon.com Download free eBooks and textbooks

Choose a category

Tools for Enterprise Performance Evaluation

Budgeting and Decision Making

Tools for Enterprise Performance Evaluation
4.3 (18 reviews)
ISBN: 978-87-7681-575-2
1 edition
Pages : 43
  • Price: 129.00 kr
  • Price: €13.99
  • Price: £13.99
  • Price: ₹250
  • Price: $13.99
  • Price: 129.00 kr
  • Price: 129.00 kr

Download for FREE in 4 easy steps...

We are terribly sorry, but in order to download our books or watch our videos, you will need a browser that allows JavaScript.
After entering your email address, a confirmation email will be sent to your inbox. Please approve this email to receive our weekly eBook update. We will not share your personal information with any third party.
eLib
Unlock your organization's learning potential
See Demo

Corporate eLibrary

Discover our employee learning solutions

This is a Premium eBook

Bookboon Premium - Gain access to over 800 eBooks - without ads

You can get free access for a month to this - and 800 other books with the Premium Subscription. You can also buy the book below

  • Start a 30-day free trial. After trial: 39.99 kr p/m
  • Start a 30-day free trial. After trial: €5.99 p/m
  • Start a 30-day free trial. After trial: £4.99 p/m
  • Start a 30-day free trial. After trial: ₹299 p/m
  • Start a 30-day free trial. After trial: $3.99 p/m
  • Start a 30-day free trial. After trial: 39.99 kr p/m
  • Start a 30-day free trial. After trial: 39.99 kr p/m
eLib
Unlock your organization's learning potential
Click here!

Corporate eLibrary

Discover our employee learning solutions

About the book

  1. Description
  2. Content
  3. About the Author

Description

In any successful organization, managers must be held accountable for the results of their decisions and related execution, particularly in regards to budgeting and financial decision making.Tools for Enterprise Performance Management: Budget and Decision Making examines the various roles that managers can have within an organization, as well as the tools and strategies which will allow them to perform to the best of their potential and make financial decisions which will benefit their organization. It is a useful text for both financial managers looking to improve their professional decision making, and also for supervisors and upper-management who need to understand the basis on which to evaluate their managers. It is a free e-book which can be downloaded here.

The text begins with a discussion of centralized vs. de-centralized decision making, as well as responsibility centers, cost and profit centers, and investment centers. Other topics include traceable costs, common fixed costs, standard costs, and the flexible budget as a tool for performance evaluation, planning, and efficiency of operation. Variance analysis is discussed in detail, with attention given to direct materials, variance calculation, direct labor, factory overhead, journal entry, recapping standards, and more. Tables and charts are utilized throughout to supplement explanations.

Content

  1. Part 2: Tools for Enterprise Performance Evaluation
  2. Responsibility Accounting and Management by Exception
    1. Centralized VS. Decentralized Decision-Making
    2. Responsibility Centers
    3. Cost Center
    4. Profit Center
    5. Investment Center
    6. Affixing Responsibility
    7. Responsibility Center Reports
    8. The Power of a Data Base System
    9. Traceable Versus Common Fixed Costs
    10. Management by Expansion
  3. Flexible Budgets
    1. Flexible Budget for Performance Evaluations
    2. Flexible Budgets for Planning
    3. Flexible Budgets and Efficiency of Operation
  4. Standard Costs
    1. Setting Standards
    2. Philosophy of Standards
    3. The Downside of the Standards
  5. Variance Analysis
    1. Variances Relating to Direct Materials
    2. An Illustration of Direct Material Variance Calculations
    3. Journal Entries for Direct Material Variances
    4. When Purchases Differ From Usage
    5. Variances Relating to Direct Labor
    6. An Illustration of Direct Labor Variance Calculations
    7. Journal Entries for Direct Labor Variances
    8. Factory Overhead Variances
    9. Variable Versus Fixed Overhead
    10. Variances Relating to Variable Factory Overhead
    11. Exploring Variable Overhead Variances
    12. An Illustration of Variable Overhead Variances
    13. Journal Entry for Variable Overhead Variances
    14. Careful Interpretation of Variable Overhead Variances
    15. Variances Relating to Fixed Factory Overhead
    16. An Illustration of Fixed Overhead Variances
    17. Journal Entry for Fixed Overhead Variances
    18. Recapping Standards and Variances
    19. Examining Variances
  6. Balanced Scorecard Approach to Performance Evaluation
    1. The Balance Scorecard in Operation
  7. Appendix

About the Author

Larry M. Walther, Ph.D., CPA, CMA, is the Ernst & Young Professor and Head of the School of Accountancy at Utah State University. Dr. Walther has authored numerous accounting textbooks and articles, and has served as director and/or consultant to a number to a number of public and nonpublic companies. Dr. Walther obtained his Ph.D. in accounting from Oklahoma State University and has public accounting experience with Ernst & Young. He currently serves as the accounting accreditation committee of the AACSB and is past president for the federation of schools of accountancy.

Dr. Chris Skousen obtained his Ph.D. at Oklahoma State University. He earned MBA and BA degrees from Utah State University. Dr. Skousen gained public accounting auditing experience with KPMG in their Portland, Oregon office, and as an intern in their in Düsseldorf, Germany office, and at Squire & Co. Dr. Skousen has taught accounting at Utah State University, The University of Texas at Arlington, Oklahoma State University, and Brigham Young University-Idaho. He has published in Accounting Horizons, Behavior Research in Accounting, Accounting and the Public Interest, and other journals.

This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with EU regulation.