forecasting methods to meet short-term and long-term corporate goals.įinancial planning is managing your finances over time in such a way that you can meet your business needs.quantitative data, analysis, and formulas (accounting), and.qualitative (economic activity) information, data, and statistics,.We will provide useful information regarding the interpretation and application of: You will learn that financial planning must include not only financial management methods (basic accounting) but also strategy(ies) necessary to decide how to accomplish corporate financial goals. This course addresses principles and the process of strategic financial planning for any organization, large or small. ![]() The financial manager collects, interprets, processes, and allocates the firm's resources.Accounting provides financial / cash flow data.Economics provides structural data for decision-making.The field of finance is intertwined with economics, accounting, and the human element responsible for accurate analysis, forecasting, and practical quantitative applications. Forecasting involves analyzing these statements to project calculated scenarios and probabilities.ĭefinitively, financial planning and control (aka financial management) analyzes the firm's financial mission and goals, to achieve various milestones and planned goals. ![]() Financial statements provide a picture of the company's financial condition. ![]() It may be the company's focus on short-term liquidity or its long-term planning. The crux of financial analysis lies with its purpose.
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