Financial Aspect within any Organisation Research Paper

monetary Aspect deep down any Organisation - Research Paper ExampleFinancial aspect within any organization is considered to be an internal review and the financial conductors are the ones responsible for financial preparation in such a way that it is embedded within the entire strategic plan to show favorable results for the organization both in the long-run and the short-run. Financial managers are supposed to manage a firms resources so that it can meet its goal and objectives. The major aim of a financial manager is to examine the financial data of any get outn organization and to give the recommendation to the sack management regarding strategies that would improve the financial per make believeance of a company. The contrasting role of a financial manager includes capital budgeting decisions, capital structure decisions, providing tactical advice over merger and acquisitions, dividend policy decision and all opposite investment decisions that may involve portfolio manag ement as well. All these different roles and functions merge together to kind the basis of any strategic plan and these financial matters help in understanding the growth that a company will make with reference to its profitability and long term growth. Sales Forecast prognostic is usually used by companies to estimate future results. Although these estimates are not 100% accurate, they usually give an insight into many issues such as an idea about the future drawn by utilize different assumption and techniques. Sales forecasting is one such technique whereby any company predicts the hatful and the number of gross sales that may be achieved by different sales staff through different regions in which the company operates. There are three different tone-beginninges that are adopted in sales forecasting. These are Top-down Sales Forecasting it is a technique whereby the sales figure are be after by the assoil level management and these figures are forwarded to lower level man agement in form of sales quotas/limits/targets which the lower level management should attain Bottom-up Sales Forecasting is an approach whereby these sales figure are put in by the employees responsible for the sale. The sales team forecast a target which they think they can sell and after this target forms the basis for the entire companys revenue plan. Hybrid Sales Forecasting is an approach whereby both the top-down and the bottom-up approach is used. The top management derives the sales figure at the corporate level whilst the sales staffs derive it at the working(a) level. Both these figures are compared together and any discrepancies between the two are henceforth amended. The benefit of development this hybrid approach is that it tends to eliminate any discrepancy or a biased judgment of sales and both the top and the bottom level management work together for the success of the organization. The hybrid approach produces variability and it also creates participation from th e lower level management which as a result increases motivation. The damage of this technique is that it consumes too much time of both the top and the bottom level management (Kahn, 1998).