Five myths and realities about zero based budgeting

Budgeting

Birt, et al – chapter 9 Other readings and web references •

Douthit, J & Stevens, D, 2015, ‘The robustness of honesty effects on budget proposals when the superior has rejection authority, in Accounting Review, March, vol 90, Issue 2

• McKinsey & Company, 2014, Five myths (and realities) about zero-based budgeting, at http://www.mckinsey.com/insights/corporate_finance/five_m yths_and_realities_about_zero_based_budgeting (accessed 5 November 2015)

• Wolf, R., 2015, ‘Broken Budgets’, in Strategic Finance, June, Issue 6

• Information on flexible budgets at http://www.accountingtools.com/questions-andanswers/what-is-a-flexible-budget.html (accessed 5 November 2015)

Cost behaviour, cost-volumeprofit model and short term decision

Birt, et al – chapter 8 Other readings and web references •

Osazevbaru, H, 2014, ‘Financial modeling in non-profit organisations: The cost-volume-profit approach’, in Research journal of finance and accounting, Vol 5, Issue 6

• Seung, H. K, 2015, ‘Cost-volume-profit analysis for a multiproduct company: micro approach’, in International Journal of Accounting and Financial Reporting, Vol 5, Issue 1

• U-tube clip on fixed and variable costs at https://www.youtube.com/watch?v=olNPnZ3UujU (accessed 5 November 2015)

• U-tube clip providing a practical illustration of CVP calculations, at https://www.youtube.com/watch?v=T0sn1tvabXM (accessed 5 November 2015)

• Birt, et al – chapter 11 Other readings and web references

GSB003 Managing Financial Resources: Course Outline

Cost systems and allocations

• Al-Ramadan, S.,2014, ‘Focus on cost allocation for performance evaluation:methodological approach’, in Journal of Financial Management & Analysis, Vol 27, Issue 2. •

Machuga, S & Smith, C, 2013, ‘A case method approach of teaching how cost-volume-profit analysis is connected to the flexible budgeting process and variance analysis’, in Journal of Accounting and Finance, Vol.13, Issue 6 •

Pittaya, P., Karun, P., Saranya, R., 2014, ‘Cost allocation effectiveness and organisational survival: a conceptual framework’, 2014, in International Journal of Business Strategy, Vol 14, Issue 3. •

U-tube clip on product vs period costs at https://www.youtube.com/watch?v=2yZfxNJAp1c (accessed 5 November 2015)