Importance of Financial Planning Financial Planning is a process of framing objectives, policies, procedures, programmes and budgets regarding the financial activities of a concern. This ensures effective and adequate…
Factors that Affecting the Cost of Money The cost of money refers to the price paid for using the money, whether borrowed or owned. In a sentence, it is the rate of interest…
Concept of the Cost of Money The concept of the Cost of Money The cost of money refers to the price paid for using the money, whether borrowed or owned. In…
Objectives of the Financial Plan The financial plan refers to the projection of future financial course of action to be carried for the efficient execution of operating plans and effective…
Concept of the Financial Plan The concept of the Financial Plan The financial plan refers to the projection of future financial course of action to be carried for the efficient…
Financial Planning Process A firm’s financial plan largely involves the forecast and use of various types of budgets. These budgets are prepared for every key area of the…
Factors to be Considered while developing Sales Forecasting Any forecast can be termed as an indicator of what is likely to happen in a specified future time frame in a particular field. Sales forecasting is…
Concept of Sales Forecast The concept of Sales Forecast Financial forecasting is a significant part of the financial planning process. The financial forecasting begins with the sales forecast. The…
Limitations of Sales Forecast Any forecast can be termed as an indicator of what is likely to happen in a specified future time frame in a particular field. Sales…
Basic Classes of Sales Forecasts Any forecast can be termed as an indicator of what is likely to happen in a specified future time frame in a particular field. Sales…
About Financial Accounting About Financial Accounting Definition: Financial accounting (or financial accountancy) is a specialized branch of accounting that keeps track of a company’s financial transactions. In other…
Importance of Sales Forecasting A sales forecast is a protrusion of reachable sales revenue, based on traditional sales data, analysis of market surveys and tendencies, and salespersons’ estimates. Sales forecasting is…