Fin/370 Week 2 Discussion Questions

Week 2 Discussion Questions DQ#1: How do you desexualize strategicalal supply? What are some differences between strategic and pecuniary planning? What fiscal problems might an musical arrangement occur when implementing a strategic plan? I believe strategic planning is the process, which takes place to set organizational goals to meet the expectations of the armorial drift and committal of the organization. Strategic planning concentrate ones on the semipermanent goals of an organization, indeed it differs from financial planning. Financial planning may similarly focus on long-term goals, but unlike strategic planning, financial planning focuses on short-term goals as well. It takes a strategic plan to develop a financial plan. force-out must(prenominal) use a strategic plan to identify what attention the organization is going to go in its specific snap industry. Once the strategic plan is implemented into the development of the organization, a financ ial plan can be developed to piss neat for organizational growth. A financial problem, which can be encountered by an organization when implementing a strategic plan, is the lack of smashing to put the plans in motion. If the organization does non have the financial faculty to back its strategic plan, both plans will not be successful.

DQ#2: What information is needed to desex a cap auspicate? What is the relationship between an operating and a coin bud get along? Why is it important for an organization to prepare a change budget? According to Cliffnotes.com (2012), The cash budget is prepared after the operating budgets (sales, manufact! uring expenses or switch purchases, sell expenses, and general and administrative expenses) and the capital expenditures budget are prepared. The cash budget starts with the beginning cash balance to which is added the cash inflows to get cash available. Cash outflows for the period are thusly subtracted to calculate the cash balance before financing. If this balance is downstairs the companys required...If you fatality to get a full essay, order it on our website: OrderCustomPaper.com

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