financial planning system

[fī¦nan·chəl ′plan·iŋ ‚sis·təm] (computer science) A decision-support system that allows the financial planner or manager to examine and evaluate many alternatives before making final decisions, and which employs the use of a model, usually a matrix of data elements which is constructed as a series of equations.

financial planning system

Software that helps the user evaluate alternatives. It allows for the creation of a data model, which is a series of data elements in equation form; for example, gross profit = gross sales - cost of goods sold. Different values can be plugged into the elements, and the impact of various options can be assessed (what if?).

A financial planning system is a step above a spreadsheet by providing additional analysis tools; however, increasingly, these capabilities are being built into spreadsheets. For example, sensitivity analysis assigns a range of values to a data element, which causes that data to be highlighted if it ever exceeds that range.

Goal seeking provides automatic calculation. For example, by entering gross margin = 50% as well as the minimums and maximums of the various inputs, the program will calculate an optimum mix of inputs to achieve the goal (output).

单词	financial planning system
释义	DictionarySeemodel financial planning system financial planning system [fī¦nan·chəl ′plan·iŋ ‚sis·təm] (computer science) A decision-support system that allows the financial planner or manager to examine and evaluate many alternatives before making final decisions, and which employs the use of a model, usually a matrix of data elements which is constructed as a series of equations. financial planning system Software that helps the user evaluate alternatives. It allows for the creation of a data model, which is a series of data elements in equation form; for example, gross profit = gross sales - cost of goods sold. Different values can be plugged into the elements, and the impact of various options can be assessed (what if?). A financial planning system is a step above a spreadsheet by providing additional analysis tools; however, increasingly, these capabilities are being built into spreadsheets. For example, sensitivity analysis assigns a range of values to a data element, which causes that data to be highlighted if it ever exceeds that range. Goal seeking provides automatic calculation. For example, by entering gross margin = 50% as well as the minimums and maximums of the various inputs, the program will calculate an optimum mix of inputs to achieve the goal (output). LegalSeeModelAcronymsSeeFPS
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