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About Lecture 2 Financial Planning, Budget and Fs Projection
The document discusses financial planning and budgeting. It explains that creating a financial plan allows companies to set long and short-term targets, make financial decisions easier, and stay on track to meet objectives. The document then outlines the illustrative process for creating a financial plan, including calculating setup costs, profit/loss forecasts, cash flow forecasts, projecting the balance sheet, break-even analysis, and preparing sales and production budgets. Budgeting gives companies a spending plan to prioritize expenditures and focus money on important aspects. The document emphasizes the importance of accurate sales budgeting for financial forecasting.
Detailed Information
| Author: | ['Aya -chan'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 14 |
| Language: | English |
| Format: | |
| Price: | FREE |
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