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Financial Planning - Corporate Budgets
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Here you will find help with business budgeting particularly as the budgeting process links up with various kinds of short and long term planning.
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Strategic Planning and Business Planning Free Resource Center
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Financial Planning - Corporate Budgets
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Drafting Your Budget
By Brian Tracy
The act of budgeting for your business forces you to think through all the important numbers and to develop a picture of what your business is going to look like in three, six, nine and 12 months. A budget is a powerful business tool that will help you make better decisions. It enables you to develop and maintain a thorough understanding of the internal financial workings of your business.
(Added: 1-Feb-2006 Hits: 1456)
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The Five-Year Itch - For CFOs, the biggest question about doing five-year plans is: why bother?
By Kris Frieswick
Next to preparing the annual budget, the exercise that many CFOs dread most is creating a five-year plan. The document can take months to craft, is impossible to get right, and generally becomes obsolete within six months. Why, then, are companies still wedded to it?
The answers are varied. Some CFOs, especially those at capital-intensive companies or municipalities, produce five-year plans to support bond issues or other long-term capital financing. Others do them simply because their bosses want one. No matter why they do it, however, CFOs agree on one thing: after year two, it's all guesswork.
(Added: 1-Jun-2005 Hits: 738)
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