Fin/370 Week 2 Discussion Questions

Week 2 Discussion Questions DQ#1: How do you get strategicalalal readiness? What argon some differences between strategic and fiscal planning? What fiscal problems might an arrangement occur when implementing a strategic plan? I believe strategic planning is the process, which takes place to set organizational goals to meet the expectations of the armorial presence and committal of the organization. Strategic planning concentrate ones on the long goals of an organization, indeed it differs from financial planning. Financial planning may alike focus on long-term goals, but unlike strategic planning, financial planning focuses on short-term goals as well. It takes a strategic plan to develop a financial plan. personnel must(prenominal) use a strategic plan to identify what direction the organization is going to go in its specific melodic line industry. Once the strategic plan is implemented into the development of the organization, a financial plan can be developed to trace neat for organizational growth. A financial problem, which can be encountered by an organization when implementing a strategic plan, is the lack of roof to put the plans in motion. If the organization does non have the financial business leader to back its strategic plan, both plans will not be successful. DQ#2: What information is needed to desex a cap auspicate? What is the relationship between an operating and a gold bud get along? Why is it important for an organization to prepare a funds budget? According to Cliffnotes.com (2012), The cash in budget is prepared after the operating budgets (sales, manufacturing expenses or mathematical product purchases, sell expenses, and general and administrative expenses) and the capital expenditures budget are prepared. The cash budget starts with the beginning cash balance to which is added the cash inflows to get cash available. Cash outflows for the period are wherefore subtracted to calc ulate the cash balance before financing. If ! this balance is under the companys required...If you fatality to get a full essay, order it on our website: OrderCustomPaper.com

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