Financial Planning
Very often it happens that, using different terms, the experts say about the same things. At the moment there is a clear division of consulting terms: budgeting, business plan and financial planning. Under the financial planning means managing your cash flow. It can be implemented as a "Payment Calendar" for operational management of funds, and as a financial plan (Statement of Cash Flows) in a section of the business plan. In the financial planning process may be involved a lot of professionals who provide information on applications (estimated payments), or contribute data on actual payments and receipts.
Business plan is the information not only on financial and economic activities of the enterprise, but also on internal and external business environment (organizational, financial structure of enterprises, the analysis of market segments in which the company plans to conduct its activities). In business terms, as a rule, describe and industrial (technological) processes. The main part business plan will be a financial plan with an analysis of financial ratios. It can be deployed (the calculation of the production program, investment, operational procurement, sales, etc.) and may be restricted only calculations related to cash flow. Business plan is usually developed by a team (marketing, production, finance, etc.) or by lack thereof – the universal specialist. Budgeting – the most complex of these processes, which is not limited to the formation of the main forms of budget (budget revenues and expenditures, budget, cash flow forecast balance) and other budgets (investment, Operating and Financial). Budgeting process at the plant includes a method of forming budgets and different indicators (including the scenario conditions), delineation of responsibilities between the centers of financial Responsibility (CFD), the process of agreeing budgets (Budgeting Rules), used by the analyst and the principles of budgetary control. In the budgeting process usually involved almost all of the services enterprise. For the maintenance of the budgeting process requires specialized software, or spreadsheets. Business planning, development and implementation of a budgeting system. Group of companies "Bestkonsalt"
Tags: business plans