FINANCIAL PLAN

Jun 21st, 2015
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Finance can be defined as the art and science of managing money. Virtually all individuals and organization earn, raise, spend, and invest money. All this activities involve in finance which is concerned with the process, institutions, markets, and instrument involved in the transfer of money among and between individuals and government.

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Finance can be defined as the art and science of managing money. Virtually all individuals and organization earn, raise, spend, and invest money. All this activities involve in finance which is concerned with the process, institutions, markets, and instrument involved in the transfer of money among and between individuals and government.Financial plan is one of the most important models in preparing the business plan. Before start our business, the business must be able to identify their financial expectation. Financial planning helps them to prepare and revalue their affordable and capacity on their financial resources in order to running their business.The financial plan is involves determining the total project cost, sources of financing and preparation of financial projections in terms of pro forma statements, which include cash flows, income statement and balance sheet.From financial plan, we can evaluate the profit and losses in our business. Good financial stranding is the main purpose, which want to be achieving by our business. We also concern about our financial stability where we can ensure that our business are in good condition and will give profit to us. We can find put the source if our business is facing losses. From that we can control our cash flow.In addition, the financial plan should be supported by depreciation schedules for every fixed asset owned as well as amortization schedules for loan and high purchase repayments. The financial plan is pre

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