The Business Professor
What is Participative Budgeting?
A participative budget seeks the involvement of lower-level managers in an organization.
The Business Professor
Steps in Developing an Operational Plan
What are the Steps in Developing an Operational Plan? Operations plans are extremely specific, detailed documents that clearly define how a department or team can contribute to reaching specific company goals. They typically outline the...
The Business Professor
Standard Product Costs
Standard costs are used to estimate what will be the Cost of Goods Sold or COGS.
The Business Professor
Sequestration (Government Spending)
Sequestration refers to automatic spending cuts that occur through the withdrawal of funding for certain (but not all) government programs.
The Business Professor
Selling and Administrative Expense Budget
The selling and administrative expense budget is a plan to set aside resouces for expenses not related to manufacturing. Often these resources are separated in distinct accounts for selling, administration, and administrative tasks
The Business Professor
Responsibility Centers - Decentralization
Decentralization allows for managerial autonomy in decision making. Responsibility centers are autonomous within the organization. They require a decentralized approach to management accountability and performance.
The Business Professor
Variances in Cost Volume Profit Analysis
Variance in any of major variables employed in the cost volume analysis will cause a variation in the expected output or profits from operations. This video identifies the major variables that may vary in a CVPA analysis.
The Business Professor
Variable Overhead Analysis
This video provides an overview of variable overhead analysis, its importance in decision making and budgeting, and the metrics used to measure and analyze these costs.
The Business Professor
Using Budgets for Performance Evaluation
In this video, the speaker discusses how budgets are used as a tool for performance evaluation. The speaker highlights several key performance indicators (KPIs) or metrics that can be derived from the budget. Overall, the video...
The Business Professor
Budgeting
Budgeting or setting a budget is the process of allocating resources to future or intended activities. There many types of budget and manners of involvement in the budgeting process.
The Business Professor
Controllable Costs - Accounting
This video explains what are controllable costs and how the identification of controllable costs assists managers in decision making.
The Business Professor
Elements of a Marketing Plan
This Video Explains the Elements of a Marketing Plan
The Business Professor
Direct Materials Purchasing Budget
The direct materials purchasing budget contains all of the materials to be purchased and costs of those materials for a production process during a specified period of time.
The Business Professor
Fixed Overhead Analysis
Overhead is a major component of any budget. Overhead may be fixed or variable. A fixed overhead analysis seeks to identify what portions of the overhead is affected by operations.
MarketWatch
Here's what's changing for 401(k)s and Social Security in 2025
There are a few things changing about retirement in 2025. Whether you’re nearing retirement or ready to take the leap, here’s what you should know.
The Business Professor
Activity-Based Costing & Management
Activity based costing is a useful tool for management planning and controlling. It helps with decision making, budgeting, and profit analysis.
The Business Professor
Activity-Based Budgeting
Activity based budgeting is an approach to budgeting where every activity or cost driver is identified. This information is useful in reducing inefficiencies when setting a budget.
Curated Video
What is a Digital Marketing Strategy
Navigate success in the online world by understanding what a digital marketing strategy entails. In this informative video, explore the key elements and foundational concepts of developing a robust digital marketing strategy. Discover...
Curated Video
What is a Digital Marketing Campaign
Unlock the power of online promotions with this informative video that explains what a digital marketing campaign is all about. Gain insights into the essential components and strategies used to create effective campaigns that drive...