In financial planning the main task is to find the most advantageous option for the organization.
financial plan is a procedure for the development and operation of the company in terms of value.It provides an efficient and forecast financial results of investment, financial and industrial activity of the enterprise.
The financial plan is an essential part of the business plan of the company.During its development must proceed from the definition of the funds that are necessary for the development of the company, as well as an assessment of the plan as an investment project.That is, provided the cost must be economically justified.
In financial terms, the enterprise should reflect the results of economic activity.It should cover trade, wealth, interdependence and interrelation of cash flows.
financial plan is a final performance of the firm.The data base includes accounting records, the most basic documents - a balance and its annex.
system of financial plans is reflected in:
- income and income funds;
- costs and charges;
- credit relations;
- relationship with the budget.
strategic financial plan - is the order of the objectives and goals of the company, anticipated savings and investment strategy.His foundation - the definition of the needs of the enterprise in the capital for production and business enterprises.
Tactical financial plan - is the annual balance sheet of costs and revenues of the organization.Because of inflation, plans are made on a quarterly basis and adjusted periodically, taking into account the inflation index.
aim of drawing up a financial plan is the need to link the company with its revenue expenditure.If revenues more funds, they are sent to the reserve fund of the organization.In the opposite case, a development of measures to minimize costs.Additional tools an organization can receive from the third party, on the issue of securities, loans, credits, etc.
So should detail the primary task of financial planning.Leaders of the organization should be aware of changes in economic activity, to be able to make plans for next year.Individuals who are interested in the activities of the company have special requirements for its results.
In drawing up the plan on certain activities should be aware of, in any economic resources will need to complete the task.
implementing the plans laid down in the budget, it is necessary to register the actual values of the results of management.When comparing planned with those obtained takes place budget control.In this case, the main focus should be on performance, dismissed from the plan, and the analysis of the changes.
As a result, the firm receives new information about the activities.That is, spending budgetary control, it is possible to identify the weaknesses of organization, know the areas in which there are unsatisfactory results.Probably, the problem may be in financial terms, but in this case leadership is aware that some moments in the planning should be correct.