Fin/370 Week 2 Discussion Questions

Week 2 Discussion Questions DQ#1: How do you situate strategicalalal formulation? What atomic number 18 some differences between strategic and financial planning? What fiscal problems might an scheme 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 rig and committal of the organization. Strategic planning concentrate ones on the semipermanent goals of an organization, indeed it differs from financial planning. Financial planning may in addition 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. forcefulness must(prenominal) use a strategic plan to identify what advocate the organization is going to go in its specific pains industry. Once the strategic plan is implemented into the development of the organization, a financial plan can be developed to earn neat for organizational growth. A financial problem, which can be encountered by an organization when implementing a strategic plan, is the lack of swell to put the plans in motion. If the organization does non have the financial exponent to back its strategic plan, both plans will not be successful.

DQ#2: What information is needed to desex a metropolis auspicate? What is the relationship between an operating and a bills bud get along? Why is it important for an organization to prepare a property budget? According to Cliffnotes.com (2012), The money b udget is prepared after the operating budget! s (sales, manufacturing expenses or swap 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 because 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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