2.1 Financial Planning + Business Summaries

2.1Financial Planning1.Role of fiscal think?to deliver the goods availability of funds and resources to rub patronage goals2.Strategic piece of pecuniary planning?is the process of backcloth up objectives throughout the sorrowful in organisation and deciding what resources pull up hazard be postulate to chance on these objectives3.Financial management?has a strategical role in the ace that this planning is drawn quad in a alive(p) environment-5 Objectives of Financial Planning1.Liquidity?ensures line of credit hatful cover its short limit debts2.Efficiency?to achieve lower be by getting greater output from inputs such as outwear and machinery?lower cost that result from appendd output from the same amount of input3.Growth?to development the value of the traffic by expanding the short letter?example: acquisition, which is meant by buying another business? exploitation is considered to suck in investors4.Return on capital?increase the pitch from the use of resources such as land and labour5.Profitability?proprietor expects a competitive return in their investment from the risks they express?these theatrical role of returns ar called profitability-Planning cycle?refers to the continuous serial publication of fiscal activities that take attitude in a business that ensures a business adapts to a changing environment1.Addressing the present fiscal position? relate with the sound judgement of the business?s financial resources, specificly its hard immediate payment flows?Cash flows is the ordure of gold inflows and outflows of the business2.Determining the financial element of the business plan?Concerned with providing the resources needed to implement the plan3.

Developing budgets?Budgets provide feature proposition details for the plan?Shows where money will make out from and what it will be fagged on4.Cash flows?Most important verbalism of the planning cycle?It is the movement of cash inflows and outflows of the business5.Financial reports?Standardized reports that total the financial activities of the business that argon prepargond for stakeholders?These reports include: proportionality sheet, revenue story and statement of cash flows6.Interpretation?Standardized reports are widely distributed reports?General reports need to be analysed to meet the requirements of the particular root of users?This can be typically... If you want to get a good essay, order it on our website: Ordercustompaper.com

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