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Economic and financial planning and budgeting techniques - Coggle Diagram
Economic and financial planning and budgeting techniques
Short-term and long-term plans
Marketing
Individual motives of buyers: Emulation, imitation, saving, profit, satisfaction of the desire to know
Reinvestment and growth
From what has been achieved in sales, open to reinvest (People, research and development, market studies, marketing, facilities, You have to continue investing to grow
Shopping
Basic rules
Schedule repetitive purchases, do not buy without express need, analyze product offers, know all the suppliers in the sector, systematic quality control.
sales
By products
The evolution of a product's sales is analyzed taking into account the different: stages, market launch, market introduction, growth, maturity period and obsolescence
By markets
Market evolution is studied taking into account different aspects: demographic, quantitative and qualitative change, changes in social and technological customs
By points of sale
A comparative analysis of the sales of each point is carried out and the causes of the differences are determined
Financial statements and projected
Balance sheet
Assets
Indicates in which assets and rights these means have been invested
Fixed or immobilized
Understand those values that will remain in a durable way in the company
Circulating
It includes those assets or rights that are subject to a process of constant renewal
Passives
Represents the means of financing available to the company
Own funds: Are those assets contributed directly by the owners of the company and the undistributed profits
Long-term foreign capital: funds received from third parties whose enforceability is not immediate
Current liabilities, comprised of suppliers, various creditors and customer advances
Statement of income
This type of analysis aims to determine which is the framework in which the company is to face the future, a good profitability situation can be a guarantee of future solvency
Financial reasons
To evaluate the financial condition and performance of a company, the financial analyst needs to verify various aspects of the financial health of a company, one of the tools used is a financial ratio or index that relates 2 elements of financial information to each other by dividing one amount between the other
Análisis de periodos por venir
The analysis of a company can be carried out from 2 different angles: the static one: it does not take into account time, it is based on the balance that reflects the situation of a company at a given moment and the other is the dynamic one: it is taken taking time into consideration, providing the possibility of evaluating the situation of the company at various times and thus determining the trends in which the different assets have moved and their interrelationships
Prospective of the company
Planning
Intento conciente por alterar los eventos del futuro
Good planning uses forecasts as input
Forecast
What would happen in the future
Development cooperation, labor market according to their collaborators, so will the company
Image and service, The image of the product is suggested many times by the packaging
Small and medium business budgets
Provide the means to meet payments
Maximize current value to wealth
All funds should be invested and act
Project what they will recover by investing in a company, expected sales - expected costs and expenses = expected profits