FinancialPlanning - 18:15 Chapter16 Pp.553566 Q:1,4...

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18:15 Chapter 16  Pp.553-566 Q: 1,4 P: 1,3,4,7 Financial Planning Pro Forma Statements Definitions Mission Statement –  A condensed version of a firm’s strategic plan.  Corporate Scope –  Defines a firm’s lines of business and geographic areas of operation. Statements of Corporate Objectives –  Sets forth specific goals to guide management. Corporate Strategies –  Broad approaches developed for achieving a firm’s goals.  Operating Plan –  Provides management detailed implementation guidance, based on  the corporate strategy, to help meet the corporate objectives. Financial Plan –  The document that includes assumptions, projected financial  statements, and projected ratios and ties the entire planning process together.  Spontaneously Generated Funds –  Funds that arise out of normal business operations,  from its suppliers, employees, and the government (such as accounts payable and 
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FinancialPlanning - 18:15 Chapter16 Pp.553566 Q:1,4...

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