Week 17 - Financial Planning and Forecasting PDF
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This document covers financial planning and forecasting, including strategic planning, sales forecasts, the AFN equation, and forecasted financial statements. It also includes performance tasks, homework assignments, and an eLMS quiz. The information provided is useful for understanding and practicing financial planning concepts.
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# Financial Planning and Forecasting ## BM2213 ### Topics - Strategic Planning - The Sales Forecast - The AFN Equation - Forecasted Financial Statements - Generalization, Performance Task, Homework, and eLMS ## Strategic Planning A strategic plan is a document that establishes the direction of...
# Financial Planning and Forecasting ## BM2213 ### Topics - Strategic Planning - The Sales Forecast - The AFN Equation - Forecasted Financial Statements - Generalization, Performance Task, Homework, and eLMS ## Strategic Planning A strategic plan is a document that establishes the direction of an organization - Mission Statement - Corporate Scope - Statement of Corporate Objectives - Corporate Strategies - Operating Plan - Financial Plan ## The Sales Forecast An image of a line graph shows the net sales of a company from 201a to 201f. - **Year** | **Net Sales** - 201a | 2,058,000 - 201b | 2,534,000 - 201c | 2,472,000 - 201d | 2,850,000 - 201e | 3,000,000 - 201f | 3,300,000 ## 10-minute Paper How critical is an accurate sales forecast in financial planning? ## The AFN Equation Additional Funds Needed (AFN) refers to the other resources that will be needed for a company to expand its operations $AFN = Projected\ increase\ in\ assets - (\frac{A_o}{S_o} \Delta S) - (\frac{L_o}{S_o} \Delta S) - MS1(RR)$ ## Forecasted Financial Statements Financial statements are historical and show how the business has been operating (i.e., in terms of profitability, cash flow, assets, and liabilities, etc.) Financial forecasts look to the future and project a financial situation the business should be aiming for. ## Performance Task Answer 12 Performance Task 1 ## Homework Answer 12 Homework 1 Submission: Before FINAL EXAMINATION ## Learning Management System Answer 12 eLMS Quiz 1 ARG under 12 Financial Planning and Forecasting topic An image of a computer screen with several icons showing various aspects of the eLMS. On the right is a mobile phone screen showing a STI Education System login page.
