Section 1
The Role of Financial Forecasting in Planning
Book
Version 3
By Boundless
By Boundless
Boundless Finance
Finance
by Boundless
3 concepts
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Strategic Planning
The financial forecast is a key input to strategic planning, a firm's process of defining strategy and making decisions about allocating resources.
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Additional Funds Needed (AFN)
AFN is "additional funds needed," and refers to the additional resources that will be needed for a company to expand its operations.
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Adjusting Capacity
Capacity adjustment takes into account maximum production levels and the alteration of this level depending on how the firm wants to grow.