Finance

Chapter 15 Financial Planning and Forecasting LEARNING OBJECTIVES by and by reading this chapter, students should be able to: briefly inform the interest terms: thrill statement, incarnate scope, corporate purpose, corporate objectives, and corporate strategies. Briefly explain what operating plans are. severalize the six steps in the monetary think process. List the advantages of computerized fiscal planning models over pencil-and-paper calculations. wrangle the importance of sales forecasts in the fiscal planning process, and wherefore managers construct pro forma financial statements. Briefly explain the steps involved in the percent of sales method. Calculate surplus funds needed (AFN), using twain the projected financial statement approach and the formula method. Identify former(a) techniques for promise financial statements discussed in the text and explain when they should be used. language SUGGESTIONS In Chapter 3, we carryed at where the firm has been and where it is now--its current strengths and weaknesses. Now, in Chapter 15, we look at where it is projected to go in the future.

The detail of what we cover, and the focus we cover it, can be seen by see Blueprints, Chapter 15. For other suggestions about the lecture, please see the Lecture Suggestions in Chapter 2, where we hear how we conduct our classes. eld ON CHAPTER: 3 OF 58 DAYS (50-minute periods) ANSWERS TO END-OF-CHAPTER QUESTIONS 15-1Accounts payable, accrued wage s, and accrued taxes increase spontaneously ! and proportionally with sales. retained earnings increase, but not proportionately. 15-2The equation gives near forecasts of financial requirements if the ratios A*/S0 and L*/S0, as well as M and RR, are stable. Otherwise, another forecasting technique should be used. 15-3False. At low growth rates, internal financing impart hear care of the...If you want to get a just essay, lay it on our website: BestEssayCheap.com

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