The financial plan includes a purely financial, technological and production parts. For commercial enterprises, which lack with the production process chain (associated with the transformation of materials into finished products), the overall planning scheme is somewhat simpler.
1. Sales plan. Financial planning should begin with the planning of sales. Sales plan should be prepared by a [...]
First of all, we have to determine what in the further will be understood under the term financial planning. It is obvious, that it will be any economic activity, since it is controlled on the conscious level and it implies the existence of a plan. However, actions about planning can be regular (they can be [...]
The main object of analysis of financial condition of the enterprise is its balance of assets and liabilities.
To identify causes of changes in the financial sustainability of the enterprise for the period, it is necessary to analyze the financial results of the company during this period, as well as major fund flows, associated with current [...]
The mechanism of financial planning in non-profit organizations can be different depending on their organizational and legal forms. Planning of financial resources of budgetary institutions is carried out in accordance with the principles of the estimated funding. In this case in the estimate of revenues and expenses of budgetary institutions we should note as funds [...]
In organization financial planning of activities can be divided into three types. They are different depending on the type of drawing up plan and depending on the term during which it should be developed. Financial planning can be: operative, current and prospective (strategic).
Prospective financial planning covers the period from one year to three years. [...]
Regional financial crises that shock world economy have their positive side. For example, they are at the level of national economies demonstrate the importance of a balanced budget; risk (risk-taking) of the emergence of a large number of “short debt,” etc.
A separate company, in this sense is a “state in miniature”, with the only difference [...]
Current planning of financial management is an integral part of the long-term plan; it is based on financial strategy and financial policy on selected aspects of financial activity and represents a specification of its parameters. Developing specific types of current financial plans enable the company to determine (for the next period) all sources of funding [...]
The sense of it lies in fact that in addition to the plans of UB and PT we introduce specialized plans for sales of banking products, costs in the conduct of business, project plans, etc. These plans, in contrast with the UB and PT, contain, along with the financial, non-financial indicators, such as volume of [...]
Financial planning and financial forecasting denote different in meaning concepts and represent different technologies in performance.
In broad terms, the plan – it is a system of targets for the development and operation of the facility, including the steps, methods of achieving and resource allocation. And prognosis – is a prediction about the development and [...]
Retirement is considered as the time when you can leave the main occupation and to enjoy rest and freedom, this is a desirable change for many people, but not for everybody. Crisis occurs when a person invested a lot of energy in the work and didn’t form a range of interests outside of work. Without [...]