Financing is a very important factor in business and is achieved by a well-created financial plan such as, budget, income and expenditure, credits and loans. Financial planning is a very essential tool of business which enables management of any organization and investors to assess results and set targets for growth.
Planning my finance will require a financial feasibility study of the current survey to determine the total cost of undertaking such survey (taxation inclusive) compared with my financial strength (controlled Budget).
As a self-employed surveyor i will plan my finances in such a way that my establishment is cost-effective alongside providing a quality and professional services.
Keeping perfect record is another essential plan for my finance, and completing all documentations on time in other to summit bill for client of a completed job. Receipts and invoice should be kept correctly for tax and references. THE FINANCIAL STATEMENT I WOULD KEEP
In order to ensure profit I would like to keep these basic financial statements
• Income/Expenditure account statement This will help to summarize generated income and expenditures, thereby showing how my business appreciates in any given period of time.
• Balance sheet This is important as it will help me to differentiate between the company assets and liabilities.
• Cash flow statement This shows the inflow of cash in and out of the business per-given period of time. This will
The financial planning is the backbone for every company as it assesses the business environment and also set the vision and goal for the business company. Besides, it also identifies the various resources like human resource, materials etc needed for the achievement of the objectives.
3. Explain two methods that can be used in order to identify realistic estimations when developing a budget. [2.2]
By creating a budget this facility will be better prepared in knowing how much money they spend and
the net revenues to monthly figures (30 days per month) and generate a five-year cash flow diagram,
Use fictitious data to protect your privacy, although I will not share your projects. To protect your security please do not state whether the financial data you use is real or fictitious. The goal of the planning project will be to set a person up with a plan that will provide the greatest chance for long-term financial success. The plan you develop will be summarized in a 4-5 page type written double-spaced report highlighting your strategy and the financial vehicles you propose to use to help reach the financial goals set forth.
Total assets and total liabilities of a company are reported on which of the following?
This shows the income of the sales revenue which is being made by the business. Also it analyses how well a business uses its assets and liabilities
business top 1000, earning a profit of $56,666. The focus of this report will be on the financial
expected future revenues. Our primary goal is to determine if the project is economically viable.
The purpose of higher education is known to supposedly provide students with an excess amount of knowledge and information to find a career of their interest. Unfortunately, not everyone receives what they had expected from attending college and to some it has made them worst off. And, because of those negative outcomes advocated like Goldie Blumenstyk the author of “American Higher education in Crisis” explains why it happens and what to think of them. There are many complaints regarding higher education such as, the high expenses of attending, not being able to find a job, to much time being invested, and many more. With that being said, is it really worth attending college? To evaluate those concern one must gather information on the cost benefit-analysis of obtaining a bachelors degree.
A financial plan is essential for our company in order to pay our employees and be able to purchase materials needed to complete jobs such as fence wire. We must make sure we budget and stay financially afloat. We will invest a portion our gross profits into to the business to expand it. The criteria we base our plan on is the amount of profit we receive. It will be done like this because it is the most influential factor in deciding if the business is running successfully or
The below analytical graphs will depict and projects potential sales/gross margins figures from year to year when operational. Overall sales of $70 000. Financial statements (profit/loss, cash flow and balance) have been prepared to depict financial operations for the first month of operation as well as if business was to remain operation for 3 consecutive years.
Students all over America are worried about tuition, student loans and the housing. And the prices of books make it worse. The books are already expensive enough for the students, that the bookstores, instead of reducing the prices of their books are increasing the prices of books. Danielle Kurtzleben in her article "The Cost of an Education" explained that to how the price of books are increasing,
day operations over the year. Exhibit 1 here is a rough estimate of cash flows