Week 6 Accounting - 12-1Mission statement States the...

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Unformatted text preview: 12-1Mission statement States the company overall purpose for doing business. Now Companies have it posted as you are walking into the building.Corporate scope defines its line of business or their geographical area of operatingStatement of corporate objectives sets certain goals to help operating managers focus on the primary objectivesCorporate strategies is an overview approach that is not as detailed.b.Operating plan provides detailed guidance to achieve the company objectivesFinancial plan- is a detailed financial perspective of the companys operating plan.Sales forecast based on the recent trend in sales and forecast how the economy is going to do in the future Sales.C.Spontaneous liabilities the first source of expansion capital Profit margin calculated as net income divided by sales Payout ratio calculated as dividends per share divided by earnings per shared....
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This note was uploaded on 04/07/2012 for the course ACC 515 taught by Professor Willaims during the Spring '12 term at Keller Graduate School of Management.

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Week 6 Accounting - 12-1Mission statement States the...

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