![A <b><a href=]()
blogspot.com/">financial plan is an gauge of the full What is Financial Planning? Meaning Types of Financial Plans" class="c1" height="15" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKKNQT3ExOI8CGEimdmN9dpIbLk6qPX3krViwJ5IqSG-KHNbRFZcIizT2LZr_bwJz6b8u25hBM4-pjZTKpA78bShBs-d0woSfpdZCqy4tIrLG6j7-lf6ACCZL_HbH-jzeOBLwbaYeZzVzZ/" width="15" /> What is Financial Planning? Meaning
blogspot.com//search?q=what-is-finance-meaning-definition">Financial blogspot.com//search?q=what-is-finance-meaning-definition">planning way to hit the blogspot.com/">financial plan.
A blogspot.com/">financial plan is likewise called capital plan.
A blogspot.com/">financial plan is an gauge of the full blogspot.com//search?q=what-is-finance-meaning-definition">capital requirements of the company. It selects the virtually economical sources of finance. It likewise tells us how to role this finance profitably. Financial conception gives a full painting present of the futurity fiscal activities of the company.
Financial Planning is the mathematical amount of next parameters:
Financial Resources (FR) + Financial Techniques (FT) = Financial Planning.
A blogspot.com/">financial plan contains answers to the next questions:
- How much finance (short-term, medium-term too long-term) volition endure required past times the company?
- From where this finance volition endure acquired (gathered)? In other words, what are the sources of finance? That is, owned upper-case missive of the alphabet (promoter contribution, portion capital) too borrowed upper-case missive of the alphabet (debentures, loans, overdrafts, etc.).
- How the companionship volition role this acquired finance? That is, application or utilisation of funds.
Financial conception is to a greater extent than ofttimes than non prepared during advertisement stage. It is prepared past times the Promoters (blogspot.com//search?q=what-is-finance-meaning-definition">entrepreneurs) alongside the assist of experienced (practising) professionals. The promoters must endure rattling careful piece preparing the blogspot.com/">financial plan. This is because a bad blogspot.com/">financial plan volition atomic number 82 to over-capitalization or under-capitalization. It is rattling hard to right a bad blogspot.com/">financial plan. Hence immense attention must endure taken piece preparing a blogspot.com/">financial plan.
![A <b><a href=]()
blogspot.com/">financial plan is an gauge of the full What is Financial Planning? Meaning Types of Financial Plans" class="c1" height="15" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKKNQT3ExOI8CGEimdmN9dpIbLk6qPX3krViwJ5IqSG-KHNbRFZcIizT2LZr_bwJz6b8u25hBM4-pjZTKpA78bShBs-d0woSfpdZCqy4tIrLG6j7-lf6ACCZL_HbH-jzeOBLwbaYeZzVzZ/" width="15" /> Types of Financial Plans
After the companionship starts, the finance director does the blogspot.com/">financial planning.
The types of blogspot.com/">financial plans are depicted too briefly explained below.
Article too picture credits © Prof. Mudit Katyani.
There are 3 types of blogspot.com/">financial plans, viz.,
- Short-term blogspot.com/">financial plan is prepared for maximum i year. This conception looks later on the working upper-case missive of the alphabet needs of the company.
- Medium-term blogspot.com/">financial plan is prepared for a menstruum of i to 5 years. This conception looks later on replacement too maintenance of blogspot.com//search?q=what-is-finance-meaning-definition">assets, inquiry too development, etc.
- Long-term blogspot.com/">financial plan is prepared for a menstruum of to a greater extent than than 5 years. It looks later on the long-term fiscal objectives of the company, its upper-case missive of the alphabet structure, expansion activities, etc.
Comments