PAB-A  

Pamela A Brewer & Associates

1001 The Profit Plan

Price $14.95

Profit planning is the development of your operating plan for the coming period. Your plan is summarized in the form of an income statement that serves as your sales and profit objective and budget for cost.

Prior to taking this course, you should complete the introductory course,

1007-Understanding Costs and

1008-Cost Control

In this booklet, you will learn how to do the following:

1- Develop a forecast for sales and gross profit, considering all of the various internal and external factors that are relevant to the forecast.

2- Develop budgets for operating expenses to quickly detect excessive expenses so that corrective action can be taken and purchasing commitments held within budgetary limits.

3- Estimate net profit so that you can determine whether or not the projected return on your investment is satisfactory. You will also be able to determine how much cash will be generated from operations either for reinvestment in the business or to compensate owners for their investment.