This document discusses alternative approaches to library budgeting. It suggests that budgets should be strategic and living documents rather than annual exercises. Effective budgeting requires analyzing goals, market needs, and opportunities for the coming year. The budgeting process should involve brainstorming scenarios and aligning expenditures with strategic objectives. This will help libraries adapt to changing needs and ensure resources are allocated efficiently.
This webinar will provide a basic introduction to budgeting in a nonprofit setting. Attendees will learn how to prepare and strategically use budgets for their organization.
Budgeting season. It's a four letter word at most nonprofit organizations because it requires countless spreadsheets, getting non-finance staff to think about finance, and infinite revisions. There's got to be a better way, right?
This presentation discusses best practices for nonprofit budgeting. It provides tips, tricks, and practical advice that will turn your budget into a positive four letter word..."Done."
This webinar will provide a basic introduction to budgeting in a nonprofit setting. Attendees will learn how to prepare and strategically use budgets for their organization.
Budgeting season. It's a four letter word at most nonprofit organizations because it requires countless spreadsheets, getting non-finance staff to think about finance, and infinite revisions. There's got to be a better way, right?
This presentation discusses best practices for nonprofit budgeting. It provides tips, tricks, and practical advice that will turn your budget into a positive four letter word..."Done."
Classification of budget according to Time, Function and Flexibility. Long term budget, Short term budget, Long term budget, Short term budget, Sales budget, Production budget
Budgeting is a process of looking at a business estimated incomes and expenditures over a specific period in the future. It allows a business to see if they will be able to continue operating at their expected level with these projected incomes and expenditures
Creating an Instructional Podcast. Slides from our talk given at the GALILEO/GOLD library conference in Athens, GA, August 1 2008.
Audio available at: http://jasonpuckett.net/2008/08/04/instructional-podcasting-presentation/
Classification of budget according to Time, Function and Flexibility. Long term budget, Short term budget, Long term budget, Short term budget, Sales budget, Production budget
Budgeting is a process of looking at a business estimated incomes and expenditures over a specific period in the future. It allows a business to see if they will be able to continue operating at their expected level with these projected incomes and expenditures
Creating an Instructional Podcast. Slides from our talk given at the GALILEO/GOLD library conference in Athens, GA, August 1 2008.
Audio available at: http://jasonpuckett.net/2008/08/04/instructional-podcasting-presentation/
Talking person to person is easy in social media. But when you start sharing as an organization, it suddenly feels different. This presentation gives ideas to make that business to person sharing feel like a person to person connection - a real, face2face conversation.
EdTech professionals will be challenged to become a change agent within their profession by implementing education and social media marketing tools within their daily practice. The presentation will focus on teaching and learning in the digital age and the importance of social media leadership as a communication device for educators with students, parents, and the community.
EBITDA and Other Scary Words (Series: MBA Boot Camp 2020) Financial Poise
This webinar explores the ins and outs of financial language and how you can navigate the seeming labyrinth of a language that can sound foreign and in some ways counterintuitive. This webinar teaches the correct use of EBIT, EBITDA and EBITDAR while also dealing with concepts like Cap Rate vs. Capital Cost. This webinar also sheds light on issues with ROI and Payback among other valuation tools and explains what a Cash Conversion Cycle looks like for your business.
To listen to this webinar on demand, go to: https://www.financialpoise.com/financial-poise-webinars/ebitda-and-other-scary-words-2020/
When it comes to sustainability reporting, companies may feel like they’re in an increasingly uncomfortable public-private vice. On one side, consumers and shareholders are pressuring organizations to be better corporate citizens and increase transparency. Governments are establishing more reporting requirements as well, which will inevitably multiply through initiatives such as the recent Sustainable Innovation Forum at COP21.
No matter how you look at it, the call for climate action is coming
in surround sound. Integrated reporting is becoming more and
more mainstream.
The good news is that sustainability programs and reporting can
boost consumer confidence, shareholder esteem — and a company’s bottom line.
Best Practices in Financial Planning and Analysis | 2013 Business Analytics S...Cartegraph
Loras College is proud to present our annual Business Analytics Symposium on March 27, 2014 at the Grand River Center in Dubuque, IA. Industry experts will share their insights about the evolving field of business analytics opportunities. Learn about everything from best practices when analyzing data to the importance and benefits of building a culture of analytics within your organization.
To learn more, secure your seat or to take advantage of group discounts visit www.loras.edu/bigdata.
Please review the below essays for completion 21 July 2011 midnigh.docxLeilaniPoolsy
Please review the below essays for completion 21 July 2011 midnight. Price 200 dollars for 15 pages minimum double space courier new 12 font. Kindly accept and separate each acc501cs1, cs2, cs3, cs4, and cs5.
ACC501CS1 (3 to 5 pages double spaced courier new 12 pt font)
Case assignment expectations:
This case will give you experience in the format of our case method.
You will begin by learning about financial accounting standards and current trends. Further, you are introduced to the annual report, which typically includes the audited financial statements. The submission should be 3-5 pages typed and double-spaced.
The following items will be assessed in particular:
There are two parts to this case.
Part I. Search the Internet. Discuss each of the following terms or concepts and their significance for the preparation of financial statements. In addition, comment on how the five terms or concepts below relate to each other.
1. Generally Accepted Accounting Principles (US GAAP)
2. International Financial Reporting Standards (IFRS)
3. Norwalk Agreement (October 2002)
4. Generally Accepted Auditing Standards
5. International Auditing and Assurance Standards
Part II. Refer to the following three sets of annual reports which contain the financial statements. Use the latest financial statements -- for the year 2010, if available. First read an overview of the company so you are familiar with the company, its products/services and markets and then review the annual report and supplemental financial statements.
1. Apple, Inc. http://investor.apple.com/financials.cfm
2. Swatch Group http://www.swatchgroup.com/en/investor_relations/annual_and_half_year_reports
3. Nikon http://www.nikon.com/about/ir/ir_library/ar/index.htm
Required:
1. Briefly comment on the companies, the appearance and presentation of the annual reports.
2. How the terms and concepts defined in Part I affect the information reported the financial statements listed above?
3. Make three comparisons and reach three conclusions about each company from the financial information you find in the annual report. Prepare a table to summarize your findings.
4. Briefly comment on the ability to compare and contrast the information in your table.
ACC501CS2 – (3-5 pages typed and double-spaced courier new 12 font)
Case assignment expectations:
Cost Volume Profit Analysis and Costing for the 21st Century
Read all the required readings in the background materials about Cost Volume Profit Analysis. Make sure you understand this method and the breakeven analysis which goes with these concepts.
(n.a.) Calculating the Break-Even Point and the Contribution Margin, Tripod.com. Retrieved from: http://members.tripod.com/devryproject/BreakEven.htm
These site have detailed slide presentations of cost-volume-profit analysis.
Cost-Volume-Profit-Analysis, Retrieved from:
http://www.slideshare.net/brianna1405/cost-volumeprofit-relationship
http://www.slideserve.com/presentation/24847/Cost-Volume-Profit-.
EBITDA and Other Scary Words (Series: MBA Boot Camp)Financial Poise
This webinar explores the ins and outs of financial language and how you can navigate the seeming labyrinth of a language that can sound foreign and in some ways counterintuitive. This webinar teaches the correct use of EBIT, EBITDA and EBITDAR while also dealing with concepts like Cap Rate vs. Capital Cost. This webinar also sheds light on issues with ROI and Payback among other valuation tools and explains what a Cash Conversion Cycle looks like for your business.
To view the accompanying webinar, go to:https://www.financialpoise.com/financial-poise-webinars/ebitda-and-other-scary-words-2021/
Go "Beyond Benchmarking" with Sightlines' ROPA+ ServicesSightlines
You understand how critical it is to take control of our facilities strategies, and eliminate the guesswork so you can optimize operations and capital investments.
Now you can go "Beyond Benchmarking" to make the case for change with ROPA+, the intelligent facilities solution that empowers you to optimize operations and capital investments over time!
Learn how the new ROPA+ Service will allow you to make more informed policy and strategic decisions based on a comprehensive and unique offering that leads a process of: Discovery, Prediction and Performance.
FP&A sits at the core of corporate finance. That includes strategy, planning, forecasting, and analysis, where everyone from financial analysts to the CFOs themselves make their biggest impact and drive the business. It simply makes sense to be as automated and efficient (linear) as possible, minimizing time spent on data gathering and dissemination and maximum time spent where it counts – thinking about how we make the business better.
This webinar will lay out the case for fully leveraging technology in your FP&A organization and processes, with a focus on strategies, best practices and real-world examples. This will be brought to you by Jeff Wuest, a former global finance leader at Procter and Gamble.
This webinar will also include a demonstration of how the right technology can help shift your workload from collecting and consolidating data to delivering insights for business growth.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Normal Labour/ Stages of Labour/ Mechanism of LabourWasim Ak
Normal labor is also termed spontaneous labor, defined as the natural physiological process through which the fetus, placenta, and membranes are expelled from the uterus through the birth canal at term (37 to 42 weeks
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
Executive Directors Chat Leveraging AI for Diversity, Equity, and InclusionTechSoup
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
3. ALTERNATIVE BILLING
ROBERT HALF LEGAL SURVEY
3
0% 10% 20% 30% 40% 50% 60%
Flat or fixed project fees
Volume discounts and
discounted fees
Blended hourly rates
Capped fees
2011
4. TRENDS FROM THE 2012 LAW LIBRARY SURVEY
BAD NEWS / GOOD NEWS
Only 29% of firms in the survey reported recovering
more than 60% of their online costs through
chargeback.
For the second year in a row there was a double-
digit increase in the number of libraries reporting an
increase in their budgets.
4
5. TRENDS FROM THE 2012 LAW LIBRARY SURVEY
BAD NEWS / GOOD NEWS
2009
2010
2011
0%
10%
20%
30%
40%
50%
60%
5
6. BLOOMBERG LAW 2012 LAW FIRM COST
RECOVERY RESEARCH SURVEY FINDINGS
Law firms are recovering less of the research costs
they incurred two years ago.
The downward trend in the amount of research
costs is most dramatic at medium and small law
firms.
The cost of legal research and client
expectation/demand is what typically drives cost
recovery policies, regardless of law firm size.
6
7. BLOOMBERG LAW 2012 LAW FIRM COST
RECOVERY RESEARCH SURVEY FINDINGS
0%
10%
20%
30%
40%
50%
60%
%
Decrease
Large
Medium
Small
7
9. PREPARING THE BUSINESS PLAN & BUDGET
“…budgets are prepared annually and not reviewed
until the next budget cycle. This annual look at the
budget is very ineffective in helping you reach your
financial goals.”
Budgeting
Strategieshttp://www.entrepreneurship.org/en/resource-
center/budgeting-strategies.aspx
9
10. BUSINESS PLAN AND BUDGET PREPARATION
Business Plan and Budget Preparation
Analysis of current year financial results
SWOT Analysis - strengths, weaknesses, opportunities
and threats
Balanced scorecard - analysis of the impact of
achieving objectives from a financial perspective, a
customer perspective and an internal perspective, and
on innovation and learning, together with identification of
critical success factors and performance measures
Brainstorming - for alternative
scenarios, opportunities, strategies
10
11. “THE DIFFERENCE BETWEEN A TRADITIONAL BUDGET AND A STRATEGIC ONE IS THE
PROCESS SURROUNDING HOW THESE PROJECTIONS ARE DERIVED”. STRATEGIC
BUDGETING FOR LAW FIRMS,HTTP://WWW.RBZ.COM/NEWS-CATEGORY/THE-BOTTOM-
LINE/STRATEGIC-BUDGETING-FOR-LAW-FIRMS/
Strategic Budgeting
Projected Revenue
Projected Expenses
Salaries
Bonuses
Marketing
Capital Expenditures
library automation systems
Operating Expenditures
Library Collection
Fee-based Databases
Projected Profit and Cash Flow 11
12. “MANAGING IN A TIME OF CHANGE REQUIRES THAT LIBRARY DIRECTORS THINK
STRATEGICALLY AND CHALLENGE ASSUMPTIONS ABOUT TRADITIONAL ROLES LIBRARIES
HAVE PLAYED IN THE PAST.” STRATEGIC PLANNING AND PROGRAM BUDGETING FOR
LIBRARIES, LIBRARY TRENDS, VOL. 42, NO. 3, PP. 420-47 (1994)
Library Collections
Technology
Library Services
Training
Strategic Budgeting Questions
12
14. BUSINESS PLAN SECTIONS
Executive Summary: Write this last.
Services: Describe what library services will be in
the coming year. Focus on customer benefits.
Market Analysis: You need to know your
market, customer needs, where they are, how to
reach them, etc.
14
15. BUSINESS PLAN SECTIONS
Strategy and Implementation: List the library
improvements. Be specific. If you can track results.
Management Team: Describe the current library
team and any requests for additional team
members.
Financial Analysis: Budget
15
16. STRATEGIC BUSINESS PLAN SAMPLE
EXECUTIVE SUMMARY
MISSION STATEMENT
MARKET ANALYSIS
GOALS AND OBJECTIVES
Customer Service
Quality Research and Reference Service
Collection Maintenance and Space Planning
Electronic Resources
Interlibrary Loans
Electronic Access – Sharepoint, Library Catalog
Staff Training
Technical Services
16
17. STRATEGIC BUSINESS PLAN SAMPLE (CONT.)
ACTION PLAN TO ACHIEVE THE STATED GOALS & OBJECTIVES
Customer Service
Quality Research and Reference Service
Collection Maintenance and Space Planning
Electronic Resources
Interlibrary Loans
Electronic Access - Sharepoint
Staff Training
Technical Services
MANAGEMENT TEAM
17
18. GOAL & OBJECTIVES SAMPLE
Electronic Access
Whenever appropriate, print subscriptions will be
converted to electronic sources.
The format for conversions will include:
ebooks, databases, Lexis Advance and/or
BloombergLaw.
When deemed appropriate the library will maintain
duplicate subscriptions to titles in print and their
electronic version while the conversion is in process.
18
19. ACTION PLAN TO ACHIEVE THE STATED GOALS &
OBJECTIVES SAMPLE
Electronic Resources
In substituting an electronic source for a print
subscription, the Director of the Library will make the
decision with impute from the attorneys and the department
head.
When making decisions the following parameters should
be taken into account:
Ease of use of the electronic version.
Is the coverage the same as the print?
What is the demand of the print? Is the print continually off the
shelf because of high usage?
Will it be more convenient to the practitioner to have access to
an electronic version vs. the print?
In conversion discussions with the vendors, LexisNexis and
BloombergLaw, a „free‟ period of use for the titles will be
included in the contract or a print discount will be
negotiated for the remaining period of the print
subscription. 19
20. WHEN AND HOW DO CORPORATIONS
PLAN THEIR BUDGETS?
Budget discussions begin in August.
Every budget must start at zero (Zero-based
budgeting).
Each and every cost is added until the total budget
needed is identified.
Last, paring down begins.
Budget is signed off in November.
20
22. REASONS FOR ZERO BASED BUDGETING VS.
TRADITIONAL BUDGETING
Zero based budgeting allows resources to be used
based on needs rather than the traditional model.
Managers will become more efficient and search for
ways to improve their operating procedures instead
of relying on funding based on previous
performance.
It can aid in finding areas that are expensive and
indicate more cost effective ways of dealing with
the problem.
22
23. USE OF ZERO BASED BUDGETING VS.
TRADITIONAL BUDGETING
Identify which „Fixed‟ costs will be in the budget.
Print Collection
Electronic Resources
Fixed Fee Databases
Online Databases
Library Supplies
Professional Memberships for Staff
Professional Development / Training for Staff
23
24. USE OF ZERO BASED BUDGETING:
BREAKDOWN
Expense Categories by Department
New Titles or Monographs
Print Titles
Electronic Titles
Continuations / Looseleafs
Reporters, Statutes & Regulations
Print Titles
Electronic Titles
Journals
Print Titles
Electronic Titles
Fee-based Database (examples)
Knowledge Mosaic
D&B
Pacer
Intelliconnect
HeinOnline
Fastcase
Online Databases
Lexis.com / Lexis Advance
Westlaw.com /WestlawNext 24
25. ACCOUNTING
PARENT / CHILD CATEGORIES
Library – Parent
Tax – Child
New Titles or Monographs
Print Titles
Electronic Titles, i.e. ebooks
Continuations / Looseleafs
Reporters, Statutes & Regulations
These can be depreciated.
Journals
Print Titles
Electronic Titles
Electronic Resources
RIA Checkpoint
Intelliconnect – Standard Federal Tax Reporter
eBooks
25
28. USING A PROJECT MANAGEMENT APPROACH, LAW FIRMS ARE BEING MORE TRANSPARENT ABOUT
THEIR COSTS WITH CLIENTS. AT THE SAME TIME, BY ORGANIZING ALL THE COMPONENTS OF A
SINGLE CASE INTO ONE PLACE, LAW FIRMS SAY THE STRATEGY IS HELPING THEM BECOME MORE
EFFICIENT. NASHVILLE BUSINESS JOURNAL
HTTPS://MARKETCENTER.BAKERDONELSON.COM/FILES/UPLOADS/DOCUMENTS/NBJ%20BAKER%
20MANAGE%2009-28-12.PDF
Project Management results in:
more effective planning,
cost control,
resource allocation and
appropriate risk management throughout the duration of
a case/project, giving project team members the
structured tools to make deliberate, fact-based
decisions.
[ACC PRIMER – Legal Project Management
http://www.acc.com/advocacy/valuechallenge/toolkit/loader.cfm?csModu
le=security/getfile&pageid=1293786&page=/index.cfm&qstring=&title=A
CC%20Legal%20Project%20Management%20Primer]
28
29. Start the budget process early.
Seek out those individuals who know the direction
the organization will take in the coming year.
Review and track the budget monthly.
Develop month‐by‐month charts of expenditures (%
for total) for each category.
Track expenditures at a finer level.
29