CORPORA∫E FINANCIAL MANAGEMEN」 PART V WORKING CAPITAL MANAGEMENT chapter15-17） 州经怡贸易大号 UNW原s方C等NTE3风制U方男0G0Cs
CORPORATE FINANCIAL CORPORATE FINANCIAL MANAGEMENT MANAGEMENT PART V WORKING CAPITAL MANAGEMENT (chapter 15-17)
Chapter 15 FINANCIAL FORECASTING AND WORKING CAPITAL POLICY 渊补经价货多方是 YO年NEB证事0000
Chapter 15 Chapter 15 FINANCIAL FORECASTING AND WORKING CAPITAL POLICY
Introduction Financial forecasting 2.Working capital policy 剥补楂价贸多方号 YO年NEB证事00003
Introduction Introduction 1. Financial forecasting 2. Working capital policy
1.Financial forecasting O Financial forecasting methods Percent of sales Cash budgets Pro forma statement of cash flow Computerized financial forecasting models Forecasting with financial ratios 剥外经价贫多方居 YO年N0事0E000
1.Financial forecasting 1.Financial forecasting zFinancial forecasting methods – Percent of sales – Cash budgets – Pro forma statement of cash flow – Computerized financial forecasting models – Forecasting with financial ratios
Continued... O Percent of sales:Relies on a forecast of sales /Obtains estimates of variables as a of sales Total Forecasted Forecasted Current Financing =Asset Needed Increases Liability Increases Tied to a sales increase Increased Forecasted Retained Dividends EAT Earnings A portion of financing needed generated internally 剥外经价贫多方号 YO年NEB证事0000
Continued Continued… z Percent of sales: Relies on a forecast of sales /Obtains estimates of variables as a % of sales Forecasted Current Liability Increases - Forecasted Asset Increases = Total Financing Needed Tied to a sales increase - Dividends Forecasted EAT = Increased Retained Earnings A portion of financing needed generated internally