Kendra Wright was recently hired by High Adventure Inc.to be a financial manager.She is surprised to learn that the company currently operates "by the seat of its pants." As she seeks to develop a more rigorous financial plan,what will she have to do?
A)make heavy use of a technique known as value mapping
B)work independently of others in the organization
C)avoid too much reliance on pro forma statements
D)seek input from the managers of the various functional units of the firm as well as the firm's accountants

Question

Quizplus · Accepted Answer

Kendra will need to work collaboratively with the managers of different functional units of the firm as well as its accountants to develop a more rigorous financial plan. This ensures that the financial plan is based on accurate and relevant information from different parts of the organization, and takes into account the specific needs and goals of each unit. She should also avoid relying too heavily on pro forma statements, which may not accurately reflect the actual financial performance of the company. While value mapping may be a useful technique in certain situations, it is not specifically mentioned in the scenario as a tool that Kendra needs to use. Working independently would not be the best approach, as she needs to gather input and insights from different stakeholders within the organization.

Kendra Wright Was Recently Hired by High Adventure Inc