FIN370_WK2 DQ 1&2 - 7074

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Request Description

·         How do you define strategic planning? What are some differences between strategic and financial planning? What financial problems might an organization encounter when implementing a strategic plan?

 


 

DQ2

·         What information is needed to prepare a cash budget? What is the relationship between an operating and a cash budget? Why is it important for an organization to prepare a cash budget


 

Solution Description

·         How do you define strategic planning? What are some differences between strategic and financial planning? What financial problems might an organization encounter when implementing a strategic plan?

 

Strategic planning helps an organization in clarifying the goals that an organization wished to achieve and select strategies that will help the organization get to its goal along. It also involves measuring the progress.