Financial plan of the enterprise

In financial planning, the main task is to find the most advantageous option for the organization.

The financial plan represents the order of development and functioning of firm in cost expression. In it the forecast of efficiency and financial results of investment, financial and industrial activity of the enterprise is carried out.

Drawing up a financial plan is the main part of the company's business plan. When developing it, one must proceed from the definition of the means that are necessary for the development of the firm, and also from the evaluation of the plan as an investment project. That is, the envisaged expenses should be economically justified.

In the financial plan of the enterprise, the final results of economic activity must be reflected. It should cover commodity, material values, interdependence and interconnection of cash flows.

The financial plan is the final results of the firm's activities. The information base includes accounting documentation, the most basic documents are the balance and the annex to it.

The system of financial plans is reflected in:

- Incomes and proceeds of funds;

- expenses and deductions;

- credit relations;

- relationship with the budget.

Strategic financial plan - is the order of implementation of the objectives and objectives of the company, the expected savings and investment strategies. Its basis is the definition of the enterprise's need for capital to ensure the production and economic activities of the enterprise.

Tactical financial plan is the annual balance of expenses and incomes of the organization. In view of inflation, plans are drawn up once a quarter and are periodically adjusted, taking into account the inflation index.

The purpose of drafting a financial plan is to link the company's revenues to its expenses. If there are more funds, then they are sent to the reserve fund of the organization. In the opposite case, measures are being developed to minimize costs. The organization can receive additional funds from third-party companies, from issuing securities, loans, loans, etc.

So, it is necessary to consider in detail the paramount task of financial planning. The management of the organization should be aware of changes in economic activity in order to be able to make plans for the next year. Persons who are interested in the activities of the enterprise have special requirements for its results.

When drawing up a plan for certain activities, it is necessary to know in what economic resources the need will appear in order to fulfill the tasks set.

Realizing the planned plans in the budget, it is necessary to register the actual values of the results of management. When comparing planned with the received there is a budget control. In this case, the focus should be on indicators that deviate from the planned ones and analyze the changes that have occurred.

As a result, the firm receives new information about the activities. That is, by spending budget control, you can identify weaknesses in the organization, find out in which areas there are unsatisfactory results. Probably, the problem can be and in the financial plan, but in that case the management will know that some moments in planning should be corrected.