Financial statements — purpose?
Summarize company's projected financial position.
Forecasted income statement — role?
Estimate future profitability based on projected revenues and expenses.
Balance sheet — function?
Show projected assets, liabilities, and equity at a future date.
Assets and liabilities — forecasting?
Estimate future values based on budgets and plans.
Cash flow budget — purpose?
Project cash inflows and outflows for liquidity management.
Budget de ventes — role?
Forecast expected sales revenue and volume.
Sales budget — key element?
Sales volume, unit price, and payment terms.
Purchase budget — purpose?
Estimate procurement costs aligned with sales forecasts.
Expense budget — function?
Project operational costs for cost control.
VAT budget — role?
Forecast VAT payable or recoverable for cash planning.
Cash flow budget — purpose?
Monitor liquidity by forecasting inflows and outflows.
Working capital — definition?
Current assets minus current liabilities.
Forecasting cash position — goal?
Predict liquidity to avoid shortages or surpluses.
Investment appraisal — purpose?
Evaluate profitability and risks of projects.
Financing structure — role?
Determine debt and equity mix for stability.
Cost of capital — significance?
Required return for investors, used in project valuation.
Leverage effect — what?
Using debt to amplify returns or losses.
Investment horizon — meaning?
Time period over which returns are expected.
Testez vos connaissances avec un QCM de 9 questions sur Financial Planning and Budgeting Masterclass.
1. What is a financial statement?
2. According to the provided content, which author is associated with the concept of the forecasted income statement that 'forecasts activity and evaluates the expected profit or loss'?
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