![A <b><a href=]()
blogspot.com/">financial plan is an approximate of the full What is Financial Planning? Meaning Types of Financial Plans" class="c1" height="15" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFVKt8w5r-sHYd75mUiJNN8aMGLT8CjQKxqDhZvZdA8KpBiJ_gnpO65BzdONW2TfOevXy0cnxezuSI1b6V-EVLmYxYuqpmr-jRk1R1FQrkhO10MH1CTC8OYQUv0ZX5SAnGQcVnwu-G2Bpv/" 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 cook the blogspot.com/">financial plan.
A blogspot.com/">financial plan is likewise called capital plan.
A blogspot.com/">financial plan is an approximate 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 innovation gives a full moving-picture exhibit 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 in addition to long-term) volition last required yesteryear the company?
- From where this finance volition last acquired (gathered)? In other words, what are the sources of finance? That is, owned working capital alphabetic lineament (promoter contribution, part capital) in addition to borrowed working capital alphabetic lineament (debentures, loans, overdrafts, etc.).
- How the fellowship volition role this acquired finance? That is, application or utilisation of funds.
Financial innovation is to a greater extent than oft than non prepared during advertisement stage. It is prepared yesteryear the Promoters (blogspot.com//search?q=what-is-finance-meaning-definition">entrepreneurs) amongst the assistance of experienced (practising) professionals. The promoters must last real careful land preparing the blogspot.com/">financial plan. This is because a bad blogspot.com/">financial plan volition Pb to over-capitalization or under-capitalization. It is real hard to right a bad blogspot.com/">financial plan. Hence immense attention must last taken land preparing a blogspot.com/">financial plan.
![A <b><a href=]()
blogspot.com/">financial plan is an approximate of the full What is Financial Planning? Meaning Types of Financial Plans" class="c1" height="15" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFVKt8w5r-sHYd75mUiJNN8aMGLT8CjQKxqDhZvZdA8KpBiJ_gnpO65BzdONW2TfOevXy0cnxezuSI1b6V-EVLmYxYuqpmr-jRk1R1FQrkhO10MH1CTC8OYQUv0ZX5SAnGQcVnwu-G2Bpv/" width="15" /> Types of Financial Plans
After the fellowship starts, the finance director does the blogspot.com/">financial planning.
The types of blogspot.com/">financial plans are depicted in addition to briefly explained below.
Article in addition to epitome credits © Prof. Mudit Katyani.
There are 3 types of blogspot.com/">financial plans, viz.,
- Short-term blogspot.com/">financial plan is prepared for maximum ane year. This innovation looks subsequently the working working capital alphabetic lineament needs of the company.
- Medium-term blogspot.com/">financial plan is prepared for a menstruation of ane to 5 years. This innovation looks subsequently replacement in addition to maintenance of blogspot.com//search?q=what-is-finance-meaning-definition">assets, inquiry in addition to development, etc.
- Long-term blogspot.com/">financial plan is prepared for a menstruation of to a greater extent than than 5 years. It looks subsequently the long-term fiscal objectives of the company, its working capital alphabetic lineament structure, expansion activities, etc.
