BUS 082 Lecture Notes - Lecture 18: Financial Plan, Accounts Receivable, Capital Structure

• School: College of The Sequoias
• Department: Business (BUS)
• Course: BUS 082
• Professor: gradin

Document Summary

Finance: the business function of planning, obtaining, and managing the company"s funds to accomplish itsbjectives as effectively and efficiently as possible. Financial managers: the executives who develop and carry out their firm"s financial plan and decide on the most appropriate sources and uses of funds. Financial planning: timing of cash inflows and outflows, and the most appropriate sources and uses of funds. Financial plan: a document that specifies the funds needed by a firm for a period of time, the. Financial plans are built by answering the following questions: Based on the forecasts of production costs, purchasing needs, plant/equipment expenses, and sales activities for a given period. Sound financial management requires assets to be managed and acquired effectively and. Assets efficiently: what a firm owns, use of funds. Also known as current assets: cash, marketable securities, accounts receivable. It is important for financial managers to manage and balance all of the assets of a firm.