Financial forecasting and decision making
Many companies fail to succeed due to poor planning, which is one reason why accountants are in big demand. Skilled at forecasting, accountants can plan a company's future by determining the maximum sustainable growth and predict its external fund requirements. This book provides you with the b...
| Otros Autores: | |
|---|---|
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
[Place of publication not identified] :
Wiley
2018.
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| Edición: | 1st edition |
| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009631109206719 |
Tabla de Contenidos:
- Intro
- FINANCIAL FORECASTING AND DECISION MAKING
- TABLE OF CONTENTS
- Chapter 1 FORECASTING PREREQUISITES
- LEARNING OBJECTIVES
- An Overview of the Forecasting Process
- KNOWLEDGE CHECK
- More on the Forecasting Process
- PURPOSE OF FORECASTING
- FIRST-PASS FORECAST
- SIMULATION
- KNOWLEDGE CHECK
- ASSUMPTIONS AND SENSITIVITY ANALYSIS
- PLANNING AND FORECASTING
- Budgets Versus Forecasted Financial Statements
- BUDGETS
- FORECASTED FINANCIAL STATEMENTS
- Financial Planning Prerequisites
- KNOWLEDGE CHECK
- Corporate Growth
- KNOWLEDGE CHECK
- Value of a Company
- Chapter 2 USING THE BASIC FORECASTING MODEL
- LEARNING OBJECTIVES
- Making Assumptions
- KNOWLEDGE CHECK
- Percent of Sales and Sales Forecasts
- SALES FORECAST AND FORECASTING
- THE SALES FORECAST
- WHO PREPARES THE SALES FORECAST?
- The Basic Forecasting Model
- PERCENT OF SALES METHOD
- KNOWLEDGE CHECK
- Explanation of the Basic Model
- KNOWLEDGE CHECK
- Identification of Spontaneous and Quasi-spontaneous Accounts
- SPONTANEOUS ASSETS
- SPONTANEOUS LIABILITIES
- The Basic Model: An Example
- NEED FOR FUNDS
- INTERNALLY GENERATED SOURCES
- IMPACT OF PROFITS ON EFN
- EFN AND SALES INCREASES
- KNOWLEDGE CHECK
- Using the Basic Model for Planning
- DIVIDENDS
- FINANCING
- SALES GROWTH
- ESTIMATING SALES
- The Basic Model: Sensitivity Analysis
- EXAMPLE
- ANOMALY OF SALES GROWTH
- The Zeta Company Case Study
- The Balance Sheet: Percent of Sales Method
- KNOWLEDGE CHECK
- Forecasting the Balance Sheet: An Example
- Using the Projected Balance Sheet for Decision Making: Capital Structure Decision
- Methods of Financing EFN
- EXTERNAL SOURCES
- INTERNAL SOURCES
- Using the Projected Balance Sheet for Decision Making: Working Capital Decisions
- WORKING CAPITAL AND PROFITS
- SECOND-PASS FORECAST: IMPROVING WORKING CAPITAL.
- Using the Projected Balance Sheet for Decision Making: Retention Decisions
- THIRD-PASS FORECAST
- Problems and Limitations Associated with the Basic Model
- Case Study
- Chapter 3 MANAGEMENT USES OF THE FORECASTING TECHNIQUE: A CASE ANALYSIS ON WORKING CAPITAL PLANNING
- LEARNING OBJECTIVE
- The Davidson Toy Company
- WORKSHEETS
- Chapter 4 USING FORECASTING TO PLAN THE COMPANY'S CAPITAL STRUCTURE
- LEARNING OBJECTIVES
- Value of the Firm
- KNOWLEDGE CHECK
- The Effect of Debt on the Cost of Capital
- DEBT EFFECT
- KNOWLEDGE CHECK
- CONCLUSION
- RISK EFFECT
- Other Factors: Bankruptcy Costs
- BANKRUPTCY COSTS
- PROBABILITY OF BANKRUPTCY
- Financing the Expected Funds Needed (EFN): Capital Structure Theory
- BASIC IDEAS
- Relation of Cost of Capital and Value to Debt Ratio
- Optimal Capital Structure
- HOW TO USE THIS IDEA
- Factors Influencing Debt Usage
- SALES GROWTH RATE
- SALES STABILITY
- ASSET AND COST STRUCTURE AND OPERATING LEVERAGE
- CONTROL
- OTHER FACTORS INFLUENCING DEBT USAGE
- Short Versus Long-Term Debt
- KNOWLEDGE CHECK
- Case Studies
- Chapter 5 FORECASTING THE BALANCE SHEET: STATISTICAL PROCEDURES
- LEARNING OBJECTIVES
- Statistical Procedure Regression
- Advantages of Regression Analysis
- KNOWLEDGE CHECK
- Finding a Trend Line with Two Data Points
- KNOWLEDGE CHECK
- Regression Analysis
- Using Regression: An Example
- KNOWLEDGE CHECK
- THE CORRELATION COEFFICIENT
- KNOWLEDGE CHECK
- Regression and Forecasting the Balance Sheet: An Example
- ASSUME
- Using Regression to Forecast the Income Statement
- Chapter 6 FORECASTING THE INCOME STATEMENT
- LEARNING OBJECTIVES
- How Expenses Vary with Sales Changes
- PREDICTING EXPENSES
- PREPARE FORECAST WITH CONSIDERABLE DETAIL
- FIXED EXPENSES
- CHANGES IN FIXED EXPENSES
- VARIABLE EXPENSES
- CHANGES IN VARIABLE RATES.
- The Income Statement Percent of Sales Method
- KNOWLEDGE CHECK
- FIXED AND VARIABLE EXPENSE APPROACH
- KNOWLEDGE CHECK
- VARIABLE EXPENSE APPROACH
- Finding Fixed and Variable Expenses Graphically
- Using Regression to Determine Fixed and Variable Expenses
- KNOWLEDGE CHECK
- Example of Using Regression to Determine Expense Components
- Forecasting the Income Statement
- KNOWLEDGE CHECK
- Case Study
- Chapter 7 RECONCILING THE INCOME STATEMENT AND BALANCE SHEET
- LEARNING OBJECTIVES
- Why There Must Be a Reconciliation
- KNOWLEDGE CHECK
- Reconciliation of the Income Statement and the Balance Sheet
- PROCEDURE
- KNOWLEDGE CHECK
- RECONCILIATION: EXAMPLE OF SETTING-UP THE RECONCILIATION EQUATION
- Reconciliation: A Complete Example
- Forecasting and Reconciling the Income Statement: An Example
- Reconciliation: An Example
- Reconciliation: A Second Example
- Case Study
- Chapter 8 EVIDENCE OF GROWTH MISMANAGEMENT
- LEARNING OBJECTIVES
- Evidence of Growth Mismanagement
- KNOWLEDGE CHECK
- Fixed Assets to Net Worth
- KNOWLEDGE CHECK
- Net Sales to Net Worth: The Trading Ratio
- KNOWLEDGE CHECK
- The Trading Ratio of Company A: An Example
- KNOWLEDGE CHECK
- Other Important Ratios to Monitor During Periods of Growth
- COLLECTION PERIOD
- INVENTORY TURNOVER
- PROFIT MARGIN
- KNOWLEDGE CHECK
- Case Study
- Chapter 9 MAXIMUM SUSTAINABLE GROWTH
- LEARNING OBJECTIVES
- The Basic Model: Maximum Sustainable Growth
- The Sustainable Growth Model
- KNOWLEDGE CHECK
- Maximum Sustainable Growth: An Example
- ASSUMPTIONS
- Maximum Sustainable Growth: A Second Example
- ASSUMPTIONS
- Improving Sustainable Growth
- KNOWLEDGE CHECK
- KNOWLEDGE CHECK
- Case Study
- Sustainable Growth: Available External Equity
- KNOWLEDGE CHECK
- Sustainable Growth with Regression
- Chapter 10 FORECASTING SALES.
- LEARNING OBJECTIVES
- Forecasting Sales: Sales Goal
- KNOWLEDGE CHECK
- KNOWLEDGE CHECK
- The Best Guess Forecast: Bottom-up
- KNOWLEDGE CHECK
- Compound Growth: An Example of Forecasting Sales
- Fluctuating or Cyclical Sales
- Using Regression to Predict Sales
- Forecasting Sales: Regression Approach
- EXAMPLE
- Quick Mart Lumber Company
- KNOWLEDGE CHECK
- Case Study
- Chapter 11 INTEGRATING THE PERCENT OF SALES WITH A SHORTER-TERM FORECAST OF CASH NEEDS
- LEARNING OBJECTIVES
- Shorter-Term Cash Needs
- SCHEDULE OF ASSUMPTIONS
- KNOWLEDGE CHECK
- Appendix A THE BASIC FORECASTING MODEL
- OBJECTIVE
- KEY WORDS
- THE NEED FOR A SALES FORECAST
- FORECASTING THE BALANCE SHEET
- THE FORECASTED INCOME STATEMENT
- RECONCILING THE TWO PRO FORMA FINANCIAL STATEMENTS
- GLOSSARY OF CONTROLLERSHIP AND FINANCIAL MANAGEMENT TERMS
- INDEX
- FINANCIAL FORECASTING AND DECISION MAKING
- SOLUTIONS
- CHAPTER 1
- CHAPTER 2
- CHAPTER 3
- CHAPTER 4
- CHAPTER 5
- CHAPTER 6
- CHAPTER 7
- CHAPTER 8
- CHAPTER 9
- CHAPTER 10
- CHAPTER 11
- LEARN MORE
- WHY AICPA?
- EULA.
