concept of financial_research

May 28th, 2015
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Financial PlanFinancial Plan A financial plan is a series of steps or goals used by anindividual or business which are designed toaccomplish a final financial goal. This often includes a budget which organizes anorganization finances and sometimes includes a seriesof steps or specific goals for spending and saving futureincome. This plan allocates future income to various types ofexpenses, such as rent or utilities, and also reservessome income for short-term and long-term savings.Contd A financial plan sometimes refers to aninvestment plan, which allocates savings tovarious assets or projects expected to producefuture income. It is a comprehensive evaluation of aninvestor's current and future financial stateby using currently known variables to predictfuture cash flows, asset values and withdrawalplans.Context of Business Financial forecast or Financial plan also refer to aformal and defined series of steps or goals to anannual projection of income and expenses for acompany, division or department. A financial plan can also be an estimation of cashneeds and a decision on how to raise the cash,such as through borrowing or issuing additionalshares in a company.Financial Statements A financial statement (or financial report) isa formal record of the financial activities of abusiness, person, or other entity. For a business enterprise, all the relevantfinancial information, presented in a structuredmanner

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