Fin/370 Week 2 Discussion Questions

Week 2 Discussion Questions DQ#1: How do you fasten strategicalal homework? What are some differences between strategic and financial planning? What fiscal problems might an validation 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 intent and committal of the organization. Strategic planning concentrate ones on the long-run goals of an organization, indeed it differs from financial planning. Financial planning may in like manner 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. military group must(prenominal) use a strategic plan to identify what electric charge the organization is going to go in its specific product line industry. Once the strategic plan is implemented into the development of the organization , a financial plan can be developed to take a leak neat for organizational growth. A financial problem, which can be encountered by an organization when implementing a strategic plan, is the lack of working outstanding to put the plans in motion. If the organization does non have the financial ability to back its strategic plan, both plans will not be successful.

DQ#2: What information is needed to desex a capital auspicate? What is the relationship between an operating and a exchange bud get along? Why is it important for an organization to prepare a property budget? According to Cliffnotes.com (2012), The notes budget is prepared after! the operating budgets (sales, manufacturing expenses or trade 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 consequently subtracted to calculate the cash balance before financing. If this balance is to a lower place the companys required...If you fatality to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper