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Budget Tools

Budget Tools
Financial Methods in the Public Sector

Second Edition

Other Titles in:
Public Budgeting

November 2014 | 384 pages | CQ Press
The thoroughly updated and expanded Second Edition of Greg G. Chen, Lynne A. Weikart, and Daniel W. Williams’ Budget Tools: Financial Methods in the Public Sector brings together scores of exercises that will take students through the process of public budgeting, from organizing data through analysis and presentation. This thoroughly revised text has been restructured – it now has 30 compact modules to focus on individual skills and enhance flexibility, and is reorganized to cover more straightforward skills early in the book and more complex tools later on. Using budgets from all levels of government as well as from nonprofit organizations, the authors give students the opportunity to work with real budgeting data to cover a range of topics and skills. Budget Tools provides instruction in the techniques and implementation of budgeting skills at a granular level to support a wide range of approaches to teaching the subject.
Part 1: Introduction
Module 1: The Craft of Budgeting
Part 2: Budget Tools
Module 2: Organizing Budget Data
Module 3: Fixed and Variable Costs
Module 4: Breakeven Analysis
Module 5: Cost Allocation
Module 6: Time Value of Money
Module 7: Inflation
Module 8: Sensitivity Analysis
Module 9: Integrating Budgeting With Performance
Part 3: The Budget Process
Module 10: The Budget Process: An Overview
Module 11: The Budget Document
Module 12: Determining the Baseline Budget
Module 13: Decision Packages: Cost Estimates
Module 14: Decision Packages: Budget Justifications
Module 15: Budget Cutbacks
Module 16: Legislative Budget Tools
Part 4: Capital Budgeting and Asset Management
Module 17: Cost-Benefit Analysis
Module 18: Life Cycle Costing
Module 19: Capitalization and Depreciation
Module 20: Long-Term Financing
Module 21: Investment Strategies
Part 5: Budget Implementation
Module 22: Operating Plan and Variance Analysis
Module 23: Cash Management and Internal Controls
Module 24: Forecasting and Managing Cash Flow
Module 25: Government and Nonprofit Accounting
Module 26: Financial Statement Analysis
Part 6: Advanced Tools
Module 27: Calculating Payroll
Module 28: Basic Forecasting Concepts
Module 29: Forecasting Intermediate Forecasting
Module 30: Forecasting Advanced Intermediate Methods


Instructor Resource Site
Available for instructors is a password-protected resource site featuring graphics from the book (including a wealth of appendix tables and figures), self-checking spreadsheet and solutions for the book.
Student Study Site
Available for students is a open-access site featuring graphics from the book (including a wealth of appendix tables and figures), datasets and additional online-only modules.

Looks good and work with our Work Based Learning assignments for year two students and year one Financial unit.

Mr Mike Kershaw
Management , Knowsley Community College
April 29, 2015

Sample Materials & Chapters

Chapter 1

Chapter 7

Greg G. Chen

Greg G. Chen is associate professor at Baruch College School of Public Affairs, City University of New York. He was a manager of the budgeting and financial reporting department in the Ministry of Finance, and budget manager and senior policy adviser for the Premier’s Office of British Columbia, Canada, before taking his professorship in the United States. He had previously been an associate dean in the College of WISCO in China. Professor Chen conducts research and publishes papers in the areas of budgeting and financial management for nonprofit organizations and governments, program evaluation and cost-benefit analysis of diverse public... More About Author

Lynne A. Weikart

Lynne A. Weikart was associate professor at Baruch College School of Public Affairs, City University of New York, until her retirement. She is currently a practitioner in residence at James Madison University, where she teaches budgeting and financial management. Before her academic career, she held several high-level government positions, including budget director of the Division of Special Education in New York City (NYC) public schools and executive deputy commissioner of the New York State Division of Human Rights. For several years, she also served as the executive director of a nonprofit, City Project, a progressive fiscal think tank... More About Author

Daniel W. Williams

Daniel W. Williams has taught budgeting at Baruch College since 1995. His research includes budgeting, forecasting and the history of public administration. Before his academic career, Williams spent nineteen years with the Virginia Medicaid program, including nine years as the Budget Director of the Virginia Department of Medical Assistance Services. For five years he served on a local Community Board in Manhattan, where he was for three years the chair of the budget committee. He has received the Abraham J. Briloff Prize in Ethics, Baruch College, and the Outstanding Paper Award 2002-2003, International Journal of Forecasting (with Don... More About Author

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ISBN: 9781483307701