Forthecompanytoachievefuturefinancialgoals,throughtheannualfinancial
statementsisexpectedtopredictfuturegrowthandcapitalneedsof
thesituation 。
Canberoughlydividedintothemostoptimistic,mostpessimisticandnormal,etc.
Financialplanningpurposes
Toprevent
emergency
situations
More
choices
Clearof
thetarget
Abridge
between
investment
andfinancing
Financial planning and forecasting
一 一 Financialplanningcontent
1.Assumptions
–Financialplanningshouldbetomakeapredictionforthefuture,
andbasedoncertainassumptions.Oncetheseassumptionsare
defeatedbyfacts(suchasassumingstableeconomicgrowth,but
thengraduallydecline),theadministratorshallimmediatelymake
appropriateamendmentstoreflecttherealsituation 一
2.Salesforecast
–Futurefinancialprojectionsarederivedfromsalesforecasts,soif
thedependentvariableistheestimatedassets
andestimatedfundingneeds,thesalesistheindependent
variable,topredictfuturefinancialposition,mustfirstpredict
futuresales,toincreasetheaccuracyoftheforecastsoffuture 一
3. Expectationtothepreparationoffinancialstatements
•Financialplanningprocessneedstoforecastfuture
financialstatements,usuallyarebased
onprojectionsofsales,andthroughsalesandbalance
sheet,incomestatementrelationshipbetweenindividual
subjectsinthepreparationof 一
4. Estimatedincreaseintheamountofassets
•Whensalesincrease,youmustmeetthefixedassets(suchas
machinery,plant)orworkingcapital(suchasaccountsreceivable)
increases,itisnecessarytocalculatetherequiredamountofthe
increaseinthenumberofassetsand
5. Forecastdemandforadditionalfunds
•Salesincreasedtoimprovethecompany'sprofits,retained
earnings,however,whetherearnedassetssufficienttocoverthe
fundsneeded?Iftheanswerisno,thecompanywill
generateadditionaldemandforfunds,orissuenew
sharestoforeignborrowingtosupplementsomelackof
funds 一
6. Selectthechanneloffinancing
•Thefinalstepoffinancialplanning,thatis,choosetoborrow,
issuenewsharesorotherwiseasthemostappropriatefinancing
pipeline,whichwillinevitablyhavetoassessthelevelofcostof
capital,considertheequitydilutionanddividendpolicyandother
issues 一
一 一 Sales forecast
•Butforecastpossiblefuturesaleofthecompanysituation,youmust
firstcalendaryearbasedonsalesforecastsasthestartingpointofthe
situation 一
•Inordertoaccuratelypredictfuturetrends,byseveralaspects 一
–Thecompany'sproductsaredividedintodifferentproductgroups,
respectively,plottedaccordingtotheirpastsalestrends,andobserve
thetrendsandforecastfuturetrendsofvariousproducts 一
–Forecastmarketsizeforeachproductseparately,andthecompany's
productsshare 一
–PredictivevalueofindividualproductsalesplustheGeneralLogistics
Department,thecompanycancometonextyear'ssalesforecast.