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Fundamentals Of Financial Management
BUDGETING: PROFIT PLANNING AND CONTROL, 4th Ed. by Glenn A. Welsch, University of Texas.
Designed to be both a useful textbook in Managerial Accounting and reference for a wide range of managers in Industry, Government, and non-profit enter- prises. In developing the essential features of a comprehensive profit planning and control program, this book focuses on its usefulness in aiding management in accomplishing the basic functions of planning, coordination and control. The book provides a broad view of the subject by concentrating on conceptual foundations and practical applications, with a minimum of attention to mechanics, the intricacies of accounting and non-essential details. It presents fundamental concepts with pragmatic illustrations especially appro- priate for student-use and aspiring executives, and includes a unique "time dimension" chart and an actual statement of broad objectives and planning premises for a progressive company. The book while pinpointing the behavioral implications of profit-planning and control explains and illustrates effective approaches in accommodating them.
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