Annual Operating Plan Process - The Annual Budget

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The Annual Operating Plan is one of the most important things a business does each year. It is a process that is often led by the finance team but requires full synchronization with the whole organization. This video goes through the annual operating plan process.

0:00 Intro to the Annual Operating Plan
0:48 What is the Annual Operating Plan and why do one
3:03 Annual Operating Plan Layout
5:00 Sales & Production Budgets
8:44 Tops down vs. Bottoms up Forecast
10:30 Production, COGS, Capex and R&D
12:53 SG&A Budget
13:54 Income Statement, Balance Sheet, Cash Flows
16:31 The Finance team's role
18:41 Advice and things to think about
23:00 Summary