Annual profit plan and supporting schedules

Free IMA CMA Part 1 (Financial Planning, Performance, and Analytics) lesson in Planning, Budgeting, and Forecasting. 10 min read, ~1,533 words.

Sales budget drives everything: production, materials, labor, overhead, S&A, and cash key off forecast units. Production = sales + ending FG − beginning FG; materials follow the same rollforward at the RM level. CM per unit = price − variable cost per unit; variable selling expense reduces CM even though...