5. Profit Planning: Targeting and Reaching Achievable Goals

  1. Jae K. Shim,
  2. Joel G. Siegel and
  3. Allison I. Shim

Published Online: 9 MAR 2012

DOI: 10.1002/9781118387023.ch5

Budgeting Basics and Beyond, Fourth Edition

Budgeting Basics and Beyond, Fourth Edition

How to Cite

Shim, J. K., Siegel, J. G. and Shim, A. I. (2011) Profit Planning: Targeting and Reaching Achievable Goals, in Budgeting Basics and Beyond, Fourth Edition, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9781118387023.ch5

Publication History

  1. Published Online: 9 MAR 2012
  2. Published Print: 17 OCT 2011

ISBN Information

Print ISBN: 9781118096277

Online ISBN: 9781118387023

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Keywords:

  • profit planning;
  • financial plan;
  • profit targets;
  • profit targets;
  • nonfinancial managers

Summary

This chapter contains sections titled:

  • Goal Congruence

  • Profit Targets

  • Objectives in the Profit Plan

  • Role of Nonfinancial Managers

  • Assumptions

  • Alternatives

  • Responsibility

  • Participation

  • Subordinates

  • Coordination

  • Scheduling

  • Problems

  • Control, Evaluation, and Analysis

  • Internal Controls

  • Real–Life Illustrations in Profit Planning

  • Summary