TY  - BOOK
AU  - Davidson,Wallace,III
TI  - Financial Forecasting and Decision Making
T2  - Aicpa Series
SN  - 9781119514251
AV  - HG4012 .D385 2018 
U1  - 658.15 
PY  - 2018///
CY  - Newark
PB  - John Wiley & Sons, Incorporated
KW  - Corporations-Finance-Mathematical models
KW  - Electronic books
N1  - Intro -- FINANCIAL FORECASTING AND DECISION MAKING -- TABLE OF CONTENTS -- Chapter 1 FORECASTING PREREQUISITES -- LEARNING OBJECTIVES -- An Overview of the Forecasting Process -- KNOWLEDGE CHECK -- More on the Forecasting Process -- PURPOSE OF FORECASTING -- FIRST-PASS FORECAST -- SIMULATION -- KNOWLEDGE CHECK -- ASSUMPTIONS AND SENSITIVITY ANALYSIS -- PLANNING AND FORECASTING -- Budgets Versus Forecasted Financial Statements -- BUDGETS -- FORECASTED FINANCIAL STATEMENTS -- Financial Planning Prerequisites -- KNOWLEDGE CHECK -- Corporate Growth -- KNOWLEDGE CHECK -- Value of a Company -- Chapter 2 USING THE BASIC FORECASTING MODEL -- LEARNING OBJECTIVES -- Making Assumptions -- KNOWLEDGE CHECK -- Percent of Sales and Sales Forecasts -- SALES FORECAST AND FORECASTING -- THE SALES FORECAST -- WHO PREPARES THE SALES FORECAST? -- The Basic Forecasting Model -- PERCENT OF SALES METHOD -- KNOWLEDGE CHECK -- Explanation of the Basic Model -- KNOWLEDGE CHECK -- Identification of Spontaneous and Quasi-spontaneous Accounts -- SPONTANEOUS ASSETS -- SPONTANEOUS LIABILITIES -- The Basic Model: An Example -- NEED FOR FUNDS -- INTERNALLY GENERATED SOURCES -- IMPACT OF PROFITS ON EFN -- EFN AND SALES INCREASES -- KNOWLEDGE CHECK -- Using the Basic Model for Planning -- DIVIDENDS -- FINANCING -- SALES GROWTH -- ESTIMATING SALES -- The Basic Model: Sensitivity Analysis -- EXAMPLE -- ANOMALY OF SALES GROWTH -- The Zeta Company Case Study -- The Balance Sheet: Percent of Sales Method -- KNOWLEDGE CHECK -- Forecasting the Balance Sheet: An Example -- Using the Projected Balance Sheet for Decision Making: Capital Structure Decision -- Methods of Financing EFN -- EXTERNAL SOURCES -- INTERNAL SOURCES -- Using the Projected Balance Sheet for Decision Making: Working Capital Decisions -- WORKING CAPITAL AND PROFITS -- SECOND-PASS FORECAST: IMPROVING WORKING CAPITAL; Using the Projected Balance Sheet for Decision Making: Retention Decisions -- THIRD-PASS FORECAST -- Problems and Limitations Associated with the Basic Model -- Case Study -- Chapter 3 MANAGEMENT USES OF THE FORECASTING TECHNIQUE: A CASE ANALYSIS ON WORKING CAPITAL PLANNING -- LEARNING OBJECTIVE -- The Davidson Toy Company -- WORKSHEETS -- Chapter 4 USING FORECASTING TO PLAN THE COMPANY'S CAPITAL STRUCTURE -- LEARNING OBJECTIVES -- Value of the Firm -- KNOWLEDGE CHECK -- The Effect of Debt on the Cost of Capital -- DEBT EFFECT -- KNOWLEDGE CHECK -- CONCLUSION -- RISK EFFECT -- Other Factors: Bankruptcy Costs -- BANKRUPTCY COSTS -- PROBABILITY OF BANKRUPTCY -- Financing the Expected Funds Needed (EFN): Capital Structure Theory -- BASIC IDEAS -- Relation of Cost of Capital and Value to Debt Ratio -- Optimal Capital Structure -- HOW TO USE THIS IDEA -- Factors Influencing Debt Usage -- SALES GROWTH RATE -- SALES STABILITY -- ASSET AND COST STRUCTURE AND OPERATING LEVERAGE -- CONTROL -- OTHER FACTORS INFLUENCING DEBT USAGE -- Short Versus Long-Term Debt -- KNOWLEDGE CHECK -- Case Studies -- Chapter 5 FORECASTING THE BALANCE SHEET: STATISTICAL PROCEDURES -- LEARNING OBJECTIVES -- Statistical Procedure Regression -- Advantages of Regression Analysis -- KNOWLEDGE CHECK -- Finding a Trend Line with Two Data Points -- KNOWLEDGE CHECK -- Regression Analysis -- Using Regression: An Example -- KNOWLEDGE CHECK -- THE CORRELATION COEFFICIENT -- KNOWLEDGE CHECK -- Regression and Forecasting the Balance Sheet: An Example -- ASSUME -- Using Regression to Forecast the Income Statement -- Chapter 6 FORECASTING THE INCOME STATEMENT -- LEARNING OBJECTIVES -- How Expenses Vary with Sales Changes -- PREDICTING EXPENSES -- PREPARE FORECAST WITH CONSIDERABLE DETAIL -- FIXED EXPENSES -- CHANGES IN FIXED EXPENSES -- VARIABLE EXPENSES -- CHANGES IN VARIABLE RATES; The Income Statement Percent of Sales Method -- KNOWLEDGE CHECK -- FIXED AND VARIABLE EXPENSE APPROACH -- KNOWLEDGE CHECK -- VARIABLE EXPENSE APPROACH -- Finding Fixed and Variable Expenses Graphically -- Using Regression to Determine Fixed and Variable Expenses -- KNOWLEDGE CHECK -- Example of Using Regression to Determine Expense Components -- Forecasting the Income Statement -- KNOWLEDGE CHECK -- Case Study -- Chapter 7 RECONCILING THE INCOME STATEMENT AND BALANCE SHEET -- LEARNING OBJECTIVES -- Why There Must Be a Reconciliation -- KNOWLEDGE CHECK -- Reconciliation of the Income Statement and the Balance Sheet -- PROCEDURE -- KNOWLEDGE CHECK -- RECONCILIATION: EXAMPLE OF SETTING-UP THE RECONCILIATION EQUATION -- Reconciliation: A Complete Example -- Forecasting and Reconciling the Income Statement: An Example -- Reconciliation: An Example -- Reconciliation: A Second Example -- Case Study -- Chapter 8 EVIDENCE OF GROWTH MISMANAGEMENT -- LEARNING OBJECTIVES -- Evidence of Growth Mismanagement -- KNOWLEDGE CHECK -- Fixed Assets to Net Worth -- KNOWLEDGE CHECK -- Net Sales to Net Worth: The Trading Ratio -- KNOWLEDGE CHECK -- The Trading Ratio of Company A: An Example -- KNOWLEDGE CHECK -- Other Important Ratios to Monitor During Periods of Growth -- COLLECTION PERIOD -- INVENTORY TURNOVER -- PROFIT MARGIN -- KNOWLEDGE CHECK -- Case Study -- Chapter 9 MAXIMUM SUSTAINABLE GROWTH -- LEARNING OBJECTIVES -- The Basic Model: Maximum Sustainable Growth -- The Sustainable Growth Model -- KNOWLEDGE CHECK -- Maximum Sustainable Growth: An Example -- ASSUMPTIONS -- Maximum Sustainable Growth: A Second Example -- ASSUMPTIONS -- Improving Sustainable Growth -- KNOWLEDGE CHECK -- KNOWLEDGE CHECK -- Case Study -- Sustainable Growth: Available External Equity -- KNOWLEDGE CHECK -- Sustainable Growth with Regression -- Chapter 10 FORECASTING SALES; LEARNING OBJECTIVES -- Forecasting Sales: Sales Goal -- KNOWLEDGE CHECK -- KNOWLEDGE CHECK -- The Best Guess Forecast: Bottom-up -- KNOWLEDGE CHECK -- Compound Growth: An Example of Forecasting Sales -- Fluctuating or Cyclical Sales -- Using Regression to Predict Sales -- Forecasting Sales: Regression Approach -- EXAMPLE -- Quick Mart Lumber Company -- KNOWLEDGE CHECK -- Case Study -- Chapter 11 INTEGRATING THE PERCENT OF SALES WITH A SHORTER-TERM FORECAST OF CASH NEEDS -- LEARNING OBJECTIVES -- Shorter-Term Cash Needs -- SCHEDULE OF ASSUMPTIONS -- KNOWLEDGE CHECK -- Appendix A THE BASIC FORECASTING MODEL -- OBJECTIVE -- KEY WORDS -- THE NEED FOR A SALES FORECAST -- FORECASTING THE BALANCE SHEET -- THE FORECASTED INCOME STATEMENT -- RECONCILING THE TWO PRO FORMA FINANCIAL STATEMENTS -- GLOSSARY OF CONTROLLERSHIP AND FINANCIAL MANAGEMENT TERMS -- INDEX -- FINANCIAL FORECASTING AND DECISION MAKING -- SOLUTIONS -- CHAPTER 1 -- CHAPTER 2 -- CHAPTER 3 -- CHAPTER 4 -- CHAPTER 5 -- CHAPTER 6 -- CHAPTER 7 -- CHAPTER 8 -- CHAPTER 9 -- CHAPTER 10 -- CHAPTER 11 -- LEARN MORE -- WHY AICPA? -- EULA
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