Financial Planning

monetary resources ar those resources that have monetary value pecuniary management is the planning and supervise of an governings pecuniary resources to enable the organization to achieve its financial goals Assets are the property and other items of the fear both tangible and intangible. Objectives of financial management: Liquidity - agate line leader to pay short-term debts. Profitability - maximizing cyberspace Efficiency - ability to maximize profits with minimal resources yield - increase size in the longer term fork up on Owners integrity - percentage of profit compared with get along invested. The Planning Cycle Address current financial survey Determine financial elements of business plan Develop budgets superintend property flow Interpret financial reports Maintain platter system Planning financial controls Minimizing financial risk and losings Major participants in financial markets trusts Finance/insurance companies merchandiser banks RBA Super fun ds Mutual funds Public/ tete-a-tete companies ASX Sources of funds Internal sources - Owners faithfulness - Retained profits Advantages - mild gearing - little risk Disadvantages Lower profits and slip away on OE External sources o         Short-term §         Overdraft §         Bridging finance §         Bank bills o         Long-term §         Bonds §         Mortgage §         Term loans §         Leasing §         Factoring §          trade credit §         Venture capital Advantages Increased funds appraise deduction on interest repayments Disadvantages Increased risk bail required Regular repayments Lenders have introductory claim on money if they go bankrupt Leverage measures the relationship among debt and equity The accounting framework Raw information Processed Data Accounting Data Analysi s of report Financial Statements §  !         receipts statement - shows revenue earned and expenses incurred everywhere the accounting period. §          equipoise Sheet - shows the businesses assets and liabilities at a rate in time. Financial Ratios Liquidity Current Ratio = Current assets (working k)         Current liabilities                  2:1 safe position Solvency Debt to equity = Total liabilities                   Owners Equity Profitability Gross Profit... If you want to get a intact essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay