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Posts by William W. Sihler
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William W. Sihler (Charlottesville, VA) is Trzcinski Professor of Business Administration at the University of Virginia’s Darden School. Richard D. Crawford (Charlottesville, VA) has extensive experience in banking, commercial finance, and private equity, and is currently a Visiting Lecturer at Darden. Henry A. Davis (Charlottesville, VA) is a consultant specializing in corporate finance and banking,. He is managing editor of The Journal of Project Finance and Strategic Investor Relations.

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What’s the Difference Between Budgeting and Forecasting?

By | Posted Apr 15, 2013 | 1 Comment

A budget is how you hope the business will operate; a forecast is what you think will happen. Budgeting and forecasting mechanisms are the same, but the budgeting process comes first.

4 Types of Financial Ratios

By | Posted Apr 12, 2013

Ratios show relationships between items and are widely used in analyzing financial statements. Ratios themselves do not explain the causes of relationships; You need to interpret them to figure out what’s going on in your business.