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D076 Finance Skills for Managers - U9 (Part 1) £7.49
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D076 Finance Skills for Managers - U9 (Part 1)
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Balance Sheet Forecasting - is typically done in conjunction with projecting in come statement. Helps understand future asset earning and potential of the company Sources and uses of funds Budgeting - is a detailed representation of the future results, financial position, and cash flows that ma...

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  • February 3, 2024
  • 4
  • 2023/2024
  • Exam (elaborations)
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  • d076 finance skills for managers u9 part 1

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D076 Finance Skills for Managers - U9
(Part 1)
Balance Sheet Forecasting - ✔✔✔is typically done in conjunction with projecting in come statement.



Helps understand future asset earning and potential of the company



Sources and uses of funds



Budgeting - ✔✔✔is a detailed representation of the future results, financial position, and cash flows
that management wants to achieve during a certain period. Includes variance analysis



Budgeting Vs Forecasting (NOT THE SAME) - ✔✔✔Budgeting - Where management wants to take the
company. Quantifies the expected performance that a company wants to achieve in a future period.



Forecasting - Weather the company is heading in the right direction. Estimates the number of sales that
will be achieved in the future to understand the future financial needs of the company.



Calculate the forecasting sales given the following information: current sales = $500; Growth rate = 10%;
cost of goods sold = $300; net income = $200 - ✔✔✔$550



Construction of a pro forma income statement is based on _____. - ✔✔✔Sales projections and the
production plan



Discretionary accounts - ✔✔✔Are the non-spontaneous accounts.



Increase with sales but are left as discretion of management.

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