4. Financial Planning for Managers
Section outline
-
Financial planning is one of the key tools of financial management. In this course, we first discuss in detail how to derive cash flows from the firm's balance sheets and income statements. Then we take a closer look at the critical issue of how to project cash flows. The result of these projections will be the firm's financial plan. We look at a comprehensive financial planning case and learn how to use Monte Carlo Simulation to transform financial plans into powerful management tools.