Identify the Following Terms

question 92

Short Answer

Identify the following terms.
-Song Taizu

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Definitions:

Financial Projections

Estimates of future financial performance, including income, expenses, and cash flow, over a set period.

Business Plan

A formal written document detailing the goals of a business, the strategy for achieving them, and the financial, operational, and marketing plans.

Operating Plan

A detailed outline of a company's goals, strategies, and projected financial actions within a specific period, usually part of the overall business plan.

Planning Assumption

An assumption about the future on which a business plan is based. The assumption must be reflected in the firm’s financial projections by calculating the specific financial statement figures it implies.