Fin/370 Week 2 Discussion Questions

Week 2 Discussion Questions DQ#1: How do you cook strategicalal be after? What atomic number 18 some differences between strategic and pecuniary planning? What fiscal problems might an establishment 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 baby carriage and committal of the organization. Strategic planning concentrate ones on the long-term goals of an organization, indeed it differs from financial planning. Financial planning may as well 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. personnel must(prenominal) use a strategic plan to identify what watchfulness the organization is going to go in its specific communicate industry. Once the strategic plan is implemented into the development of the organiza tion, a financial plan can be developed to manufacture neat for organizational growth. A financial problem, which can be encountered by an organization when implementing a strategic plan, is the lack of slap-up to put the plans in motion. If the organization does non have the financial qualification to back its strategic plan, both plans will not be successful.

DQ#2: What information is needed to desex a groovy auspicate? What is the relationship between an operating and a silver bud get along? Why is it important for an organization to prepare a gold budget? According to Cliffnotes.com (2012), The money budget is prepared after the ope! rating budgets (sales, manufacturing 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 so subtracted to calculate the cash balance before financing. If this balance is under the companys required...If you fatality to get a full essay, order it on our website: OrderCustomPaper.com

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