TAILIEUCHUNG - Ebook Corporate finance and financial strategy: Part 2

Part 2 book “Corporate finance and financial strategy” has contents: Financial planning, management of working capital, international operations and investment, financial risk management, financial strategies from growth to maturity to decline, financial strategies in M&As, and other contents. | 9 Financial planning Chapter contents Learning objectives 444 Introduction 444 The strategic view 445 The purpose of financial planning 449 The financial planning process 450 Financial modelling 452 The role of forecasting 459 Cash flow forecasting and planning 460 Planning for growth 462 Financing growth 464 Strategic performance assessment 465 Summary of key points 471 Glossary of key terms 471 Questions 472 Discussion points 473 Exercises 473 444 Chapter 9 Financial planning Learning objectives Completion of this chapter will enable you to: ■ Explain financial planning as part of the strategic management process. ■ Outline the purpose of financial planning. ■ Describe the financial planning process. ■ Use financial modelling to plan the long-term activities of a business. ■ Identify the ways in which a company may use alternative forecasting methods. ■ Prepare a cash flow forecast as part of the financial planning process to determine a company’s funding requirements. ■ Explain the ways in which a business may plan for its future growth. ■ Consider the financing options that a company may use to fund its future growth. ■ Outline the ways in which a company’s performance may be measured against its plans. ■ Explain the ways in which the balanced scorecard may be used to translate a company’s strategic plans into operational terms. Introduction Many companies have started up with very good ideas and good intentions with regard to their development and future sales growth. However, the corporate graveyard is full of companies that have been unsuccessful in these endeavours because they have failed to plan for such growth in terms of its impact on costs and planned levels of investment and funding. This chapter considers financial planning, which is an important part of the strategic management process, concerned not with the absolute detail but taking a look at the .

• Ngân hàng - Tín dụng
• Corporate finance
• Financial strategy
• Financial planning
• Working capital
• International operations
• Financial risk management
• Financial strategies
• Financial strategies in M&As
• Intermediate corporate finance
• Lecture Intermediate corporate finance
• Tài chính doanh nghiệp
• Corporate valuation
• Value based management
• Fundamentals of corporate finance
• Business organization
• Financial management
• International corporate finance
• Capital market history
• Raising capital
• Financial leverage
• Financial reporting
• Social welfare
• Forward contracts
• The stock markets
• Basic return concepts
• Portfolio theory
• Bond valuation
• Basic stock valuation
• Accounting for financial management
• Analysis of financial statements
• Forecasting financial statements
• Capital budgeting
• Decision criteria
• Estimating cash flows
• Real options
• Capital structure decisions
• The levered firm
• Cash management
• Financial distress
• Hedging risk
• Warrants and convertibles
• Principles of corporate finance
• Understanding options
• Valuing options
• Financial analysis
• Financial manager
• Financial institutions