Financial planning and forecasting

Forthe companyto achievefuturefinancial goals,through theannualfinancial statementsis expectedto predictfuture growthand capital needsof thesituation 。Can beroughly divided intothe mostoptimistic, mostpessimisticand normal, etc. Financialplanning should beto make a predictionfor the future, andbased oncertain assumptions.Oncethese assumptionsare defeated by facts(such asassumingstable economicgrowth,but thengraduallydecline), theadministratorshall immediatelymake appropriate amendmentsto reflect thereal situation 。...
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Financial planning and forecasting FinancialplanningandforecastingForthecompanytoachievefuturefinancialgoals,throughtheannualfinancialstatementsisexpectedtopredictfuturegrowthandcapitalneedsofthesituation 。Canberoughlydividedintothemostoptimistic,mostpessimisticandnormal,etc. Financialplanningpurposes AbridgeToprevent Clearof More betweenemergency thetarget choices investment situations andfinancing Financialplanningcontent一一1.Assumptions – Financialplanningshouldbetomakeapredictionforthefuture, andbasedoncertainassumptions.Oncetheseassumptionsare defeatedbyfacts(suchasassumingstableeconomicgrowth,but thengraduallydecline),theadministratorshallimmediatelymake appropriateamendmentstoreflecttherealsituation 一2.Salesforecast – Futurefinancialprojectionsarederivedfromsalesforecasts,soif thedependentvariableistheestimatedassets andestimatedfundingneeds,thesalesistheindependent variable,topredictfuturefinancialposition,mustfirstpredict futuresales,toincreasetheaccuracyoftheforecastsoffuture 一 3. Expectationtothepreparationoffinancialstatements • Financialplanningprocessneedstoforecastfuture financialstatements,usuallyarebased onprojectionsofsales,andthroughsalesandbalance sheet,incomestatementrelationshipbetweenindividual subjectsinthepreparationof 一 4. Estimatedincreaseintheamountofassets• Whensalesincrease,youmustmeetthefixedassets(suchas machinery,plant)orworkingcapital(suchasaccountsreceivable) increases,itisnecessarytocalculatetherequiredamountofthe increaseinthenumberofassetsand5. Forecastdemandforadditionalfunds • Salesincreasedtoimprovethecompanysprofits,retained earnings,however,whetherearnedassetssufficienttocoverthe fundsneeded?Iftheanswerisno,thecompanywill generateadditionaldemandforfunds,orissuenew sharestoforeignborrowingtosupplementsomelackof funds 一6. Selectthechanneloffinancing • Thefinalstepoffinancialplanning,thatis,choosetoborrow, issuenewsharesorotherwiseasthemostappropriatefinancing pipeline,whichwillinevitablyhavetoassessthelevelofcostof capital,considertheequitydilutionanddividendpolicyandother issues 一一 一 Salesforecast• Butforecastpossiblefuturesaleofthecompanysituation,youmust firstcalendaryearbasedonsalesforecastsasthestartingpointofthe situation 一• Inordertoaccuratelypredictfuturetrends,byseveralaspects 一 – Thecompanysproductsaredividedintodifferentproductgroups, respectively,plottedaccordingtotheirpastsalestrends,andobserve thetrendsandforecastfuturetrendsofvariousproducts 一 – Forecastmarketsizeforeachproductseparately,andthecompanys productsshare 一 – PredictivevalueofindividualproductsalesplustheGeneralLogistics Department,thecompanycancometonextyearssalesforecast. TheestimationmethodadditionalfundingrequirementsAFN)一一• Assume 一 – Balancesheetofmostofthesubjectsaredirectlyandcloselywiththe salesrelationship 一 – Inthecurrentsaleslevel,allassetsaremostappropriatescale 一1.Percentageofsalesmethod – Thespontaneousincreaseinbalancesheetincomestatementdividedby thesalesofthesubject,seekapercentage,thenbasedonsales forecastismultipliedbythepercentageofvarioussubjects,obtaineda projectedbalancesheet.Wecanseebyhowmuchadditionalcapitalthe company,afterdeductingtheremainingfundswithinthefinancialneeds ofthecompanyisrequiredadditionalfundingrequirements.2. Formulamethod Amongthem 一 A* 一 spontaneousincreaseintheassets(allassets subject) L* 一 Spontaneousincreaseinliabilities(accountspayable, accruedexpenses) S 一 Sales S1 一 Estimatedsales ΔS 一 Incrementalsales=(S1-S) M 一 Netprofitmargin ...