Financial planning for the purposes of entrepreneurial activity
Journal: Science Journal "NovaInfo" (Vol.117, No. 1)Publication Date: 2020-07-16
Authors : Kasyuk Elena Anatolevna;
Page : 22-25
Keywords : FINANCIAL PLANNING; FINANCE; FINANCIAL PLAN; BUSINESS PLAN; BUDGET;
Abstract
Creating and operating a business of any scale today is directly related to predicting the future conditions of the company's existence and timely adjustment of strategic goals and ways to achieve them. To implement these processes, the company carries out planning, the result of which is a business plan, which at the same time allows you to structure all the company's indicators, increase the level of understanding of the processes in senior managers, and also serves as the basis for the analysis of the company by the lender. In turn, the most important component of the business plan is the financial plan, because it is given the closest attention by the lender, and it calculates all the most important indicators of the company's functioning, as well as calculates the planned profit, which is the purpose of the company's existence. The relevance of the research is that in the conditions of existing instability and deterioration of factors affecting the implementation of their activities, the role of planning becomes more important, requiring improvement of planning methods, among other things.
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Last modified: 2020-07-18 07:00:15