Fin/370 Week 2 Discussion Questions

Week 2 Discussion Questions DQ#1: How do you deposit strategicalalal prep? What are some differences between strategic and monetary planning? What fiscal problems might an disposal 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 target and committal of the organization. Strategic planning concentrate ones on the long goals of an organization, indeed it differs from financial planning. Financial planning may also 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. violence must(prenominal) use a strategic plan to identify what concern the organization is going to go in its specific carriage industry. Once the strategic plan is implemented into the development of the organization, a financial plan can be developed to fix neat for organizational growth. A financial problem, which can be encountered by an organization when implementing a strategic plan, is the lack of jacket to put the plans in motion. If the organization does non have the financial expertness to back its strategic plan, both plans will not be successful.

DQ#2: What information is needed to desex a capital letter auspicate? What is the relationship between an operating and a gold bud get along? Why is it important for an organization to prepare a immediate payment budget? According to Cliffnotes.com (2012), The immediate payment budget i s prepared after the operating budgets (sale! s, manufacturing expenses or merchandise 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 accordingly 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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