A+ solution to question asked. - 22521

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Yusufroqib

Yusufroqib

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Price: $15.00
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  • Posted on: Wed 14 Aug, 2013
  • Request id: # 22514
  • Purchased: 1 time(s)
  • Average Rating: (45) D
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Solution Description

Forecasting And Planning
During the planning process, management determines
numerical goals for the upcoming 12 months, or in the
case of a long-range plan, for three years or more.
Company management then maps out the actions that
need to be taken, and the timeframe, for the goals to be
reached. Finance comes into play when the action steps
are converted to forecast numbers for revenues and
expenses. Managers with financial planning expertise
are able to create forecasts that are attainable yet
aggressive. They must also have sufficient
understanding about company operations to build
spreadsheet