Course: Financial Analysis for Business Performance: Planning, Budgeting, and Forecasting

Another important technique used in financial analysis is ratio analysis. You have already been introduced to ratios previously. Let’s re-examine ratios and their importance in the balance sheet. Ratios express …

This video will introduce you to types of forecasting in particular sales forecasting for an organisation. A sales forecast will display how much of sales an organisation expects to generate …

Because budgeting is a process of preparing detailed projects of future amounts, we can create a budget in many ways, including: top-down or bottom-up incremental zero-based rolling activity-based. Top-down or …

Now that you understand the components of a strategic plan, let’s consider the cost elements that are required to finalise the plan before you submit it for approval. Before you …

After setting the mission and vision, the next step is often creating a strategy map and a balanced scorecard. Together, the strategy map and the balanced scorecard inform the development …

What is financial planning? Financial planning is the task or steps followed to achieve the organisation’s strategic goals. Organisations often develop their plan after determining their vision and objectives. The …

Xero is a cloud-based accounting software with all the time-saving tools necessary to enable real-time accounting. It is secure and reliable and provides 24/7 support for users and companies. You’ll …

How do businesses transform vision into objectives and goals? A vision statement defines the desired future position of an organisation. It translates into goals and objectives, which provide organisations with …

Now that you understand the key elements of PBF and the process let’s see how organisations can translate strategy into planning, forecasting, and budgeting. What is strategic planning? Strategic planning …