Hardcover: 560 pages
Publisher: Wiley; 4 edition (November 1, 2011)
Language: English
ISBN-10: 1118096274
ISBN-13: 978-1118096277
Product Dimensions: 6.3 x 1.7 x 9.3 inches
Shipping Weight: 1.6 pounds (View shipping rates and policies)
Average Customer Review: 3.8 out of 5 stars See all reviews (10 customer reviews)
Best Sellers Rank: #146,486 in Books (See Top 100 in Books) #193 in Books > Textbooks > Business & Finance > Finance #233 in Books > Business & Money > Finance > Corporate Finance #962 in Books > Textbooks > Business & Finance > Economics
Jae Shim and Joel Siegel introduce their audience to the budgeting process in both the profit and non-profit sectors. Unfortunately, the authors fail to deliver on the expectations that this book generates for several reasons. First, and most importantly, the third edition of "Budgeting Basics & Beyond" contains a number of mathematical errors or missing numbers. Think for example about the second table of example 1 (p. 254), exhibit 17.5 (p. 263), and exhibit 20.5 (p. 316). Secondly, the book under review also contains errors in the legend of a number of exhibits and typos in text formulas. Think for example about exhibit 1.3 (p. 15), the bottom of schedule 1 (p. 79), and the definition of profit variance analysis for multiple products (pp. 138-139). All these errors confirm ironically what Shim and Siegel quote on p. 264: `Between 78 and 97 per cent of spreadsheets contain "serious material errors" with a potential to devastate the bottom line.' Thirdly, the book contains too many "skeleton" templates with little content or no content that add value to this manual. Think for example about the templates which are reproduced on pp. 205-223 in chapter 13. Fourthly, the third edition of "Budgeting Basics & Beyond" does not make extensive use of Excel screenshots to clarify a number of concepts. Think for example about the income approach to valuation, more specifically the discounted cash flow (DCF) method (pp. 297-302). To summarize, the book under review should be redone and proofread thoroughly before being put on sale anywhere.
Honestly....I am starting to think that those who write textbooks really don't care about people attempting to learn their knowledge. This book's author does a horrible job at breaking down the terminology in a book and explaining it to someone who has no concept of budgeting. WOW you can use big words that you understand.....but guess what? Those you are selling your book to have no idea what you are saying. Here is a marketing tip for you....have consumers read it before you publish it. What in the hell is wrong with textbook authors? Honestly, it is a great feat that you have a Masters or PhD, but it is sad to know that those with such high educational levels don't understand the basic concept of making the ability to learn easier. Yes i can spend hours upon hours of looking words up in the dictionary (and i have), but this doesn't make my motivation higher to want to learn. In fact, you stifle students ability to pay attention. Textbook authors suck...except for the VERY VERY few. This book should no be purchased by anyone and should not be pushed on students like some colleges do.
Learned something new, interesting book and could be useful for people who decide to follow up with a star up
I needed this book for school so it has been very helpful. I ordered this book from you because it was cheaper than anywhere else and being on a limited budget right now, this was great.
It's a fast way of learning. I'll keep it for life. Applicabe to any business and indusry.Buy it ig you want something that cuts t the chase.
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