16
Financial Planning and Control
16.1 LONGER-RANGE FINANCIAL PLANNING
Chapter 14 treated the broader perspective of financial management, concentrated on the one-year financial plan: the budget, as well as on cash flow. Chapter 15 addressed itself to profit centers, cost control, and standard costing. The object of this chapter is to present to the reader the longer-term view of financial planning into which integrate the choice of debt versus equity, profit planning premises, management accounting, and financial reporting.
The purpose of a longer-range financial plan is to match the further-out objectives of an enterprise with its financial staying power, and based on this, to calibrate top management policies and decisions. Precisely ...
Get Business, Marketing, and Management Principles for IT and Engineering now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
