In your own words, answer this unit’s discussion questions in a main post (recommended minimum 300 words), and respond to at least two peers’ postings (recommended minimum 75 words).
After you have reviewed the Assignment Details below, click the Discussion Board link under the My Work heading above to open the Discussion Board and make your post.
Assignment Details
As you learned in the Connect content, planning for the future is an important role of the financial manager. Developing a financial forecast helps ensure that the financial goals of an organization are met. In particular, cash forecasts are the most important tool for monitoring and controlling corporate cash. Without them, good cash management is simply impossible.
In your discussion this week, consider the budgeting and forecasting content covered in the instructor video and the Connect content, and then discuss the following:
- Explain why it would be beneficial to prepare a cash forecast, or a cash budget, for an organization.
- Share the best practices you would implement when budgeting for an organization.
Consider your peers’ responses regarding their best practices and share ideas on other ways they can use them.
Share with each other why you think a financial forecast is important and how you could use a financial forecast to help a business grow.
In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.
For assistance with your assignment, please use your text, Web resources, and all course materials.
Discussion Board Reminders:
- Must have three posts: A main post and two replies to peers.
- First post: Either your main post or a reply to others must be posted before midnight CT (Central time) on Friday of each week.
- Second and third post: Must be posted on a different day from the first post.
- Connect to content: At least one post must refer to course learning materials. See the Academic Resource on Discussion Boards for help with connecting to the content.
- Engaging in class discussions: For more information on making the most of your class dialog, review the Academic Resource on Discussion Boards.
Grading Rubric
| Assignment Criteria | Proficient Descriptor | Points |
|
Quality of Main Post 16 Points |
Student’s main post meets or exceeds the following requirements:
|
/16 pts. |
|
Response to Peers 16 Points |
Responds to a minimum of two peers (8 points per response)
|
/16 pts. |
|
Support from Learning Resources 4 Points |
At least one post refers to course learning resources. | /4 pts. |
|
Professional Writing 4 points |
Response is well-organized, clear, and free of grammatical and mechanical errors.
Posts demonstrate courtesy and respect for others. |
/4 pts. |
| Total | 40 points possible | /40 pts. |
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