• 3rd Edition Dc

.Title.Budgeting /​ Alan Banks &​ John Giliberti.Author.Banks, Alan, 1946-, (author.)Other Authors.Giliberti, John, (author.)Edition.Third edition.Published.North Ryde, N.S.W.: McGraw-Hill Australia, 2008.Copyright.©2008.Content Types.textCarrier Types.volumePhysical Description.1 volumes.xii, 276 pages; 24 cm.Subjects.Target Audience.AdultSummary.' Designed specifically for TAFE students, to be used as part of the Financial Services course. Covers budgeting (types and classifications; preparing a budget), forecasting methods, financial statements and reports.

Contains self-test problems and questions.' -Provided by publisher.Budgeting 3E specifically addresses the budgeting component of the National Accounting Training Package, but will also be suitable for any course containing a basic budgeting unit. Competency-based training and flexible delivery are the key conceptual tools for education in the Australian VET system and this book has been written with these aims in mind. This new edition provides a more in-depth insight into the principles of budgeting and forecasting.

The easy-to-use structure and layout has been maintained and the book presents a logical explanation of budgeting, beginning from basics and working its way into more complex problems to ensure student learning is maximised.Contents.1. Budgeting fundamentals.2. Revenue budgets for merchandising and service organisations.3. Operating budgets for merchandising and service organisations.4. Cash budgets for service and merchandising organisations.5.

Budgeted financial statements for service and merchandising organisations.6. Master budgets for manufacturing organisations.7. Flexible budgets.8. Performance reports.9.

Behavioural aspects of budgeting.Notes.Previous edition: Macquarie Park, N.S.W.: McGraw-Hill, ©2003.Includes index.Language.EnglishISBN. (pbk.).555 (pbk.):Dewey Number.658.154Libraries Australia ID.Contributed by Get this edition. These 18locationsin All:May not be open to the publicu116244; HeldBookEnglishOpen to the publicBookEnglishOpen to the public03263; HELDBookEnglishOpen to the publicBookEnglishOpen to the public(sapln)884730; HELD - not available for loanBookEnglishOpen to the publicHeld. Not for ILL.BookEnglishOpen to the public83593BookEnglishOpen to the publicBookEnglishMay not be open to the public03262; HELDBookEnglishOpen to the public001341; 658.154 B218BookEnglishOpen to the public20402368; 658.154 BANKBookEnglishMay not be open to the public03270; HELDBookEnglishOpen to the public03269; HELDBookEnglishOpen to the public20402369; 658.154 BANKBookEnglishOpen to the public20402369; 658.154 BANBookEnglishMay not be open to the public(SFED)45672; heldBookEnglishOpen to the publicBookEnglishOpen to the public001571; HELDBookEnglish.

Fundamental IssueThe Budgeting process for Banks is quite different from most industries. The focus begins with the Balance Sheet, and the reflection of the instruments already generating revenue and cash flows, at various rates and maturity dates. This then serves as the basis of the budget going forward as new volumes are forecasted.To add to the complexity, accurately calculating instrument cash flows can be arduous at best. Taking into account the details of each instrument’s interest rate, maturity and payment stream often requires importing data from various systems into complex spreadsheets or home-grown systems that are difficult to maintain or change. Adjusting prepayments to reflect changing interest rate forecasts further complicates this effort.The challenge for banks is that most available budgeting solutions do not have the ability to track the balance sheet details needed without a significant amount of coding. The result is similar to other industries - they supplement the shortcomings of their system with spreadsheets or home-grown applications.Effective Margin Planning Needs One SolutionFor comprehensive planning and forecasting, banks need the combination of the spreads and payment streams of their existing instruments combined with the expected volumes and spreads of their new business. Having one solution that houses both allows for quicker and more accurate forecasting and enables better decision making.Beyond the BasicsThese most basic needs of banks go beyond the capabilities of most applications that are not custom made.

Now let’s add the other elements that are also part of the cycle:. Forward Funds Transfer Pricing. Monthly Close & Management Reporting.

Regulatory Disclosures and Call Reports. Branch & Customer ProfitabilityAll of these things combined into one system that is easy to use and maintain, by Finance, seems like a dream. Well that dream is a reality with Tagetik.

We have successfully implemented these solutions in banks all around the world, with sizes ranging from smaller regional banks to the largest multi-nationals.The Proof is in the SavingsOne of our clients was able to quantify their significant returns in a relatively short period of time. They reduced their planning process time by 35%, shortened their close process by 2 days, and slowed the growth of their finance department by 50%.This was done with one system. Not a number of applications linked in the back-end, or supplemented with Excel. One system where they can all share in the single version of the truth for all their budgeting, planning, and reporting needs.What are your thoughts? How well are your Budgeting needs met today?

3rd Edition Dc

Do you have a single system for all your budget, planning and reporting needs? If not, what would such a solution mean for your business?