Be acquainted with short-term planning and long-term planning.
Be able to prepare operating budgets
Understand capital budgeting and what the capital budgeting techniques are.
Know how to prepare master plans – forecasted financial position.
Outlines
Introduction to financial planning
How to prepare operating budgets:
Sales budget/ production budget/ purchases budget/ labor budget/ overhead expenses budget/ and cash budget.
How to prepare capital budgeting and use its techniques (pay-back period/ present value and net present value/ internal rate of return/ and profitability index
Case study
Some practical problems in choosing among business opportunities