---
title: Budgeting & Cost Control
description: Budgeting & cost control involve planning and managing a business's financial resources. Learners will understand how to create financial forecasts, track expenses, identify cost-saving opportunities, and maintain profitability.
category: business-entrepreneurship
subcategory: entrepreneurship
difficulty: beginner, intermediate, advanced
url: /subject/budgeting-and-cost-control
---

# Budgeting & Cost Control

Budgeting & cost control involve planning and managing a business's financial resources. Learners will understand how to create financial forecasts, track expenses, identify cost-saving opportunities, and maintain profitability.

## Available Resources

3 Books

## Books

### 1. The Great Game of Business, Expanded and Updated: The Only Sensible Way to Run a Company

**Author:** Jack Stack, Bo Burlingham

Stack describes open-book management at SRC Holdings: sharing the income statement with every employee, running weekly huddles where line owners revise their own forecast numbers, and tying bonuses to a short list of critical cost and cash targets. Answers the part of cost control the accounting texts do not: how a budget actually gets enforced day to day when the owner is not the person spending the money.

**Difficulty:** Intermediate | **Language:** English | **Price:** Paid

**Link:** https://www.amazon.com/dp/0385348339?tag=edmonddante07-20

**Tags:** open-book-management, budgeting, cost-control, forecasting, management

### 2. Simple Numbers, Straight Talk, Big Profits!: 4 Keys to Unlock Your Business Potential

**Author:** Greg Crabtree, Beverly Blair Harzog

Crabtree sets four operating benchmarks for owner-run businesses: pay yourself a market-rate salary, target ten to fifteen percent pretax profit, measure labor efficiency ratio against gross margin, and allocate the four uses of capital. Worked client examples throughout.

**Difficulty:** Beginner | **Language:** English | **Price:** Paid

**Link:** https://www.amazon.com/dp/1608320561?tag=edmonddante07-20

**Tags:** small-business-finance, profitability, labor-efficiency, cost-control, budgeting

### 3. Principles of Accounting, Volume 2: Managerial Accounting

**Author:** Mitchell Franklin, Patty Graybeal, Dixon Cooper

Free peer-reviewed college textbook covering cost behavior, cost-volume-profit analysis, job and activity-based costing, the master budget and its components, flexible budgets, standard costs, and variance analysis, with worked problems and answer keys throughout.
Chapter 7 (Budgeting) and Chapter 8 (Standard Costs and Variances) map directly onto forecasting and expense-tracking goals.

**Difficulty:** Intermediate | **Language:** English | **Price:** Paid

**Link:** https://www.amazon.com/dp/1947172603?tag=edmonddante07-20

**Tags:** managerial-accounting, budgeting, variance-analysis, cost-accounting, cost-volume-profit

---

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