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For this reason, divisional cash forecasts tend to be less important than divisional profit plans.
Companywide cash forecasts, on the other hand, are just as important as company profit plans.
Separate profit plans are ordinarily prepared for each major segment of a company's operations.
Mr. Nozaki called the banks' new five-year profit plans "wishful thinking".
Target said in a news release that it was on track to exceed profit plans for the quarter, by 10 cents or more.
The challenge to the bid, which is for $26.75 a share, was filed by the Iron Workers of Western Pennsylvania Pension and Profit Plans and Jolly Roger Fund.
Similar(47)
The two principal budget statements are the profit plan and the cash forecast.
These include financial ratio analysis, profit planning, financial forecasting, and budgeting.
The profit plan is an estimated income statement for the budget period.
Figure 2 shows the essence of this relationship: the company's profit plan is really the integrated product of the plans of its two major product divisions.
Other elements of the budgetary plan, in addition to the profit plan and the cash forecast, include capital expenditure budgets, personnel budgets, production budgets, and budgeted balance sheets.
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