Solutions Manual for PFIN 4 4th Edition by Gitman 0
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Course
Business
Institution
Grand Canyon University
Solutions Manual for PFIN 4 4th Edition by Gitman 0 Solutions Manual for PFIN 4 4th Edition by Gitman 0 Solutions Manual for PFIN 4 4th Edition by Gitman 0 Solutions Manual for PFIN 4 4th Edition by Gitman 0 Solutions Manual for PFIN 4 4th Edition by Gitman 0
solutions manual for pfin 4 4th edition by gitman 0
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Business
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Solutions Manual for PFIN 4 4th Edition by Gitman
,Part 1 — Foundations of Financial Planning
Chapter 2
Using Financial
Statements and Budgets
Chapter Outline
Learning Goals
I. Mapping Out Your Financial Future
A. The Role of Financial Statements in Financial Planning
II. The Balance Sheet: How Much Are You Worth Today?
A. Assets: The Things You Own
B. Liabilities: The Money You Owe
C. Net Worth: A Measure of Your Financial Worth
D. Balance Sheet Format and Preparation
E. A Balance Sheet for Jeremy and Elisha McPherson
III. The Income and Expense Statement: What We Earn and Where It Goes
A. Income: Cash In
B. Expenses: Cash Out
C. Cash Surplus (or Deficit)
D. Preparing the Income and Expense Statement
E. An Income and Expense Statement for Jeremy and Elisha McPherson
, Using Financial Statements and Budgets — Chapter 2
V. Cash In and Cash Out: Preparing and Using Budgets
A. The Budgeting Process
1. Estimating Income
2. Estimating Expenses
3. Finalizing the Cash Budget
B. Dealing with Deficits
C. A Cash Budget for Jeremy and Elisha McPherson
D. Using Your Budgets
Full all chapters instant download please go to Solutions Manual, Test Bank site: downloadlink.org
VI. The Time Value of Money: Putting a Dollar Value on Financial Goals
A. Future Value
1. Future Value of a Single Amount
2. Future Value of an Annuity
B. Present Value
1. Present Value of a Single Amount
2. Present Value of an Annuity
3. Other Applications of Present Value
Major Topics
We can achieve greater wealth and financial security through the systematic development and
implementation of well-defined financial plans and strategies. Certain life situations require
special consideration in our financial planning. Financial planners can help us attain our
financial goals, but should be chosen with care. Personal financial statements work together to
help us monitor and control our finances in order that we may attain our future financial goals
by revealing our current situation, showing us how we used our money over the past time
period, and providing a plan for expected future expenses. Time value of money calculations
allow us to put a dollar value on these future financial goals and thereby plan more effectively.
The major topics covered in this chapter include:
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