Discussion Block #1

1. What is the purpose of financial planning and forecasting? Why do we plan, do we forecast, do we BUDGET?
2. To build a plan we need "buy-in" from the leadership & management team, what does that mean?
3. Nuts & bolts, the first element of ALL, AND I MEAN ALL, plans/forecasts/budgets is...___________________________.
4. WHY? Why is this so critical element that we MUST begin with?

Discussion Block #3

1. What are variable costs, their linkage?
2. What are fixed costs?
3. How should we present a financial statement based upon variable costing presentations?

Discussion Block #4

1. Why must you/we know this number, inside and out so to speak, and from the knowledge of this number what else do we learn.