Introduction to Corporate Finance
567 Special topics 16 Financial planning 17 International investment decisions A big part of what financial managers do in large ...
what companies do Bring your learning to life with interactive learning, study, and exam preparation tools that support the prin ...
16: Financial Planning LEARNING OBJECTIVES After studying this chapter, you should be able to: Financial planning is an importan ...
PART 5: SPECIAL TOPICS 16 -1 OVERVIEW OF THE PLANNING PROCESS A long-term financial plan begins with strategy. Typically, the se ...
16: Financial Planning 16 -1a SUCCESSFUL LONG-TERM PLANNING Long-term planning requires more than paying close attention to a co ...
PART 5: SPECIAL TOPICS Second, the finance function assesses the feasibility of a strategic plan, given a company’s existing and ...
16: Financial Planning detrimental to shareholders. For now, we put aside the question of whether growth is desirable. Assuming ...
PART 5: SPECIAL TOPICS practical appeal. Our goal is to demonstrate a simple model that highlights the trade-offs that companies ...
16: Financial Planning Given sales this period of S, a net profit margin (in this case, defined as net income divided by sales) ...
PART 5: SPECIAL TOPICS Finally, if the increases in assets must match the increase in the sum of liabilities and equity, then we ...
16: Financial Planning Interpreting the Sustainable Growth Model It is just as important to understand what the sustainable grow ...
PART 5: SPECIAL TOPICS The Sales Forecast The process of creating pro forma financial statements varies from company to company, ...
16: Financial Planning example Table 16.1 shows the 2016 balance sheet and income statement for Walk-A-Bout Shoes. We will use t ...
PART 5: SPECIAL TOPICS Walk-A-Bout Shoes pro forma income statement for the year ended 31 December 2017 Sales $325,000 Less: Cos ...
16: Financial Planning The bottom line for Walk-A-Bout Shoes is that its pro forma outlook is quite good. If the company achieve ...
PART 5: SPECIAL TOPICS build projections on an account-by-account basis, the apparent need for external funding predicted by Equ ...
16: Financial Planning to do so by regulation. In Australia, most listed companies are only required to publish financial report ...
PART 5: SPECIAL TOPICS FIGURE 16.2 QUARTERLY SALES AND TOTAL CURRENT ASSETS FOR THE HERSHEY COMPANY (1997–SECOND QUARTER OF 2015 ...
16: Financial Planning to make Hershey shareholders rich.^5 Furthermore, because the term structure of interest rates (the yield ...
PART 5: SPECIAL TOPICS A cash budget is a statement of the company’s planned inflows and outflows of cash. Companies use the cas ...
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