Aquarius plc has estimated the following free cash flows for its five-year planning period: Year Free cash flows 12345 m 35 38 45 49 53 How might it be possible to check the accuracy of these figures? What internal and external sources of information might be used to see whether the figures are realistic? Required: How might it be possible to check the accuracy of these figures? What internal and external sources of information might be used to see whether the figures are realistic?

l Discuss the potential advantages and disadvantages for a business of adopting a divisional structure.
l Identify the major methods of measuring the performance of operating divisions and divisional managers, and assess their usefulness.
l Describe the problems of determining transfer prices between divisions and outline the methods used in practice.
l Explain the increasing importance of non-financial measures in managing a business and how they may be used for decision-making purposes.AppendixLO1