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Financial forecasting and decision making
Title
Financial forecasting and decision making / Wallace Davidson.
ISBN
9781119514251
1119514258
9781119514282
1119514282
9781119514299
Publication
Durham, NC : American Institute of Certified Public Accountants, Inc., [2017]
Physical Description
1 online resource
Local Notes
Access is available to the Yale community.
Notes
Includes index.
Access and use
Access restricted by licensing agreement.
Summary
Many companies fail to succeed due to poor planning, which is one reason why accountants are in big demand. Skilled at forecasting, accountants can plan a company's future by determining the maximum sustainable growth and predict its external fund requirements. This book provides you with the basic tools necessary to project the balance sheet and statements of income and cash flow, enabling you to add a unique value to your client(s) work. This book will prepare you to do the following: -Recall the basics of planning and forecasting financial statements -Recall considerations related to a basic forecasting model -Identify the evidence of growth mismanagement and develop the skills to determine maximum sustainable growth -Apply statistical procedures to forecasting -Analyze projected or forecasted financial statements.
Variant and related titles
O'Reilly Safari. OCLC KB.
Other formats
Print version: Davidson, Wallace N. Financial forecasting and decision making. [Place of publication not identified] : Wiley, 2018
Format
Books / Online
Language
English
Added to Catalog
June 17, 2020
Contents
Intro; Title page; Copyright; Chapter 1 Forecasting Prerequisites; An Overview of the Forecasting Process; More on the Forecasting Process; Budgets Versus Forecasted Financial Statements; Financial Planning Prerequisites; Corporate Growth; Value of a Company; Chapter 2 Using the Basic Forecasting Model; Making Assumptions; Percent of Sales and Sales Forecasts; The Basic Forecasting Model; Explanation of the Basic Model; Identification of Spontaneous and Quasi-spontaneous Accounts; The Basic Model: An Example; Using the Basic Model for Planning; The Basic Model: Sensitivity Analysis.
The Zeta Company Case StudyThe Balance Sheet: Percent of Sales Method; Forecasting the Balance Sheet: An Example; Using the Projected Balance Sheet for Decision Making: Capital Structure Decision; Methods of Financing EFN; Using the Projected Balance Sheet for Decision Making: Working Capital Decisions; Using the Projected Balance Sheet for Decision Making: Retention Decisions; Problems and Limitations Associated with the Basic Model; Case Study; Chapter 3 Management Uses of the Forecasting Technique: A Case Analysis on Working Capital Planning; The Davidson Toy Company.
Chapter 4 Using Forecasting to Plan the Company's Capital StructureValue of the Firm; The Effect of Debt on the Cost of Capital; Other Factors: Bankruptcy Costs; Financing the Expected Funds Needed (EFN): Capital Structure Theory; Relation of Cost of Capital and Value to Debt Ratio; Optimal Capital Structure; Factors Influencing Debt Usage; Short Versus Long-Term Debt; Case Studies; Chapter 5 Forecasting the Balance Sheet: Statistical Procedures; Statistical Procedure Regression; Advantages of Regression Analysis; Finding a Trend Line with Two Data Points; Regression Analysis.
Using Regression: An ExampleRegression and Forecasting the Balance Sheet: An Example; Using Regression to Forecast the Income Statement; Chapter 6 Forecasting the Income Statement; How Expenses Vary with Sales Changes; The Income Statement Percent of Sales Method; Finding Fixed and Variable Expenses Graphically; Using Regression to Determine Fixed and Variable Expenses; Example of Using Regression to Determine Expense Components; Forecasting the Income Statement; Case Study; Chapter 7 Reconciling the Income Statement and Balance Sheet; Why There Must Be a Reconciliation.
Reconciliation of the Income Statement and the Balance SheetReconciliation: A Complete Example; Forecasting and Reconciling the Income Statement: An Example; Reconciliation: An Example; Reconciliation: A Second Example; Case Study; Chapter 8 Evidence of Growth Mismanagement; Evidence of Growth Mismanagement; Fixed Assets to Net Worth; Net Sales to Net Worth: The Trading Ratio; The Trading Ratio of Company A: An Example; Other Important Ratios to Monitor During Periods of Growth; Case Study; Chapter 9 Maximum Sustainable Growth; The Basic Model: Maximum Sustainable Growth.
Subjects
Also listed under
American Institute of Certified Public Accountants, issuing body.
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