Question: The following issues are related to the accuracy and reliability of financial plans. Explain the process/issues related to each. Top-down versus bottom-up planning

The following issues are related to the accuracy and reliability of financial plans.
Explain the process/issues related to each.
• Top-down versus bottom-up planning
• Plans as statements of goals versus plans as predictions of what’s going to happen
• Planning assumptions
• Aggressive optimism versus underforecasting
• Scenario analysis

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Topdown vs bottomup planning A top down plan forces top managements goals on the organization often when theyre not realistic It tends to create plans ... View full answer

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