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Lec 7 Financial Plan Stud

Lec 7 Financial Plan Stud

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Published by: sueern on Jun 15, 2009
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06/15/2009

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1
BEN2014 Introduction to Cyberpreneurship(by: TPL) Original Source: Zimmerer& Scarborough (Pearson) 
Lecture 7: Financial Plan 
Overview
1.Basic Financial Statements2.Ration Analysis3.Interpreting Business Ratios4.Breakeven Analysis
 
2
BEN2014 Introduction to Cyberpreneurship(by: TPL) Original Source: Zimmerer& Scarborough (Pearson) 
Common mistake among business owners: Failingto collect and analyze basic financial data.
One-third of entrepreneurs run their companieswithout any kind of financial plan.
Only 11 percent of business owners analyze theircompanies’financial statements as part of themanagerial planning process.
Financial planning is essential to running asuccessful business and is not that difficult!
Financial Reporting
Pg 384-421
 
3
BEN2014 Introduction to Cyberpreneurship(by: TPL) Original Source: Zimmerer& Scarborough (Pearson) 
Balance Sheet“Snapshot.Estimates the firm’s worth on agiven date; built on the accounting equation:Assets = Liabilities + Owner’s Equity
Income Statement“Moving picture.Compares the firm’sexpenses against its revenue over a period of time to show itsnet income (or loss):Net Income = Sales Revenue -Expenses
Statement of Cash Flowsshows the change in the firm'sworking capital over a period of time by listing the
sources
of funds and the
uses
of these funds.
Pg 384-421
Basic Financial Reports

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