Deciding which scenarios to create


show more Deciding which scenarios to create provides you with in-depth training on Business. Taught by Curt Frye as part of the Excel 2007: Creating Business Budgets show less
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Deciding which scenarios to create

When you develop your budgets for the coming year, it's usually a good idea to take into account possible scenarios that might occur. These scenarios can affect the amount of money available to your business either as income or in terms of loans. So you should take those into account. What are some things that you should take into account? Well, potential changes in the world and national economies. Also events within your industry and events within your company. For example, what if one of your new products or services is delayed? That might affect your orders, which would be reflected in the Accounts Receivable category.

Or what if a critical supplier can't give you all the parts you need or it goes out of business? All these considerations must factor into your analysis. When you're making your decisions take a look through your financial statements such as the balance sheet here and find the weak points. What were you worried about last year? For example, were you concerned ...

Deciding which scenarios to create
Video duration: 1m 44s 1h 3m Intermediate

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Deciding which scenarios to create provides you with in-depth training on Business. Taught by Curt Frye as part of the Excel 2007: Creating Business Budgets

Subject:
Business
Software:
Excel
Author:
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