Part of managerial accounting is planning for the future. To do this a company will start with the overall vision for the company. It then gets progressively narrower and more specific identifying products and markets, mid-term goals for the next 5 years or 50, objectives for day-to-day operations, and lastly forecasted financial statements called budgets. Budgets are an expression of plans in monetary terms. A Mission Statement is a company's overall goal. Can you identity each of the following companies by their mission statements? Don't look them up - there no extra points for being right! You must post first. To be our customers favorite place and way to eat To empower people to express themselves, live in the moment, learn about the world, and have fun together To refresh the world... To Inspire moments of optimism and happiness ... To create value and make a difference To organize the world's information and make it universally accessible and useful To accelerate the world's transition to sustainable energy. - To help people and businesses throughout the world realize their full potential o To connect people with their world, everywhere they live and work, and do it better than anyone else To give people the power to share and make the world more open and connected To create happiness by providing the finest in entertainment for people of all ages, everywhere To build a place where people can come to find and discover anything they might want to buy online To inspire and nurture the human spirit - one person, one cup and one neighborhood at a time. o To accelerate learning through intuitive, engaging, efficient and effective experiences grounded in research