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Financial Plan



For whatever reason, no person or organization has done the same for financial planning of businesses. Or if standards have been developed, nobody is paying attention. This is a problemespecially for entrepreneurs and investors in small business and technology startups. Large companies can afford (and do) develop their own budget and forecast systems, or they customize enterprise packages.
Related to Financial Plan: Accounting and Financial Management, Small Business Accounting, Alight
The annual financial plan (also called "the budget") is the planning process in which the most people participate, followed by strategic, expense and capital planning; at least half of the participants say they are involved in each of these.
Related to Financial Plan: Budgeting, Financial Planning, and Analysis, Enterprise Resource Planning (ERP), Operations Planning, Production Planning, Infor
In most cases this does not include the financial plan, capital plan and other company strategic goals.
Related to Financial Plan: Business Performance Management (BPM), RealTime IT Services LLC
" He says further that the financial plan for the average company comprises 372 separate line items, but that best-practice companies operate with far less detailas much as 80 percent less.
Related to Financial Plan: Accounting and Financial Management, Budgeting, Financial Planning, and Analysis, Business Intelligence (BI), Business Performance Management (BPM), Data Management and Analysis, Data Mining, Data Warehouse, Enterprise Performance Management (EPM)/Balanced Scorecard, IBM
It is used for all financial planning and reporting functions across all departments - marketing, finance, human resources, accounting, store planning, real estate and IT. "Anybody who has to do a budget for a cost center," DeBenedetti says. Previously these individuals would come up with a number on a spreadsheet. Now, he says, they are directly inputting their plans and forecasts into the database.
Related to Financial Plan: Budgeting, Financial Planning, and Analysis, Business Intelligence (BI), Business Performance Management (BPM), Data Management and Analysis, Enterprise Performance Management (EPM)/Balanced Scorecard, Tax Preparation and Reporting, Oracle
From this analysis, senior management develops a high-level financial plan, which in a profit driven company would show the returns expected by investors in the medium to long term.
Related to Financial Plan: Balanced Scorecard, Strategy, Infor, Management of Companies and Enterprises, Management, Scientific, and Technical Consulting Services
You need to really act as though youre running the organization," says Michael Jung, vice president of corporate financial plan- ning and analysis at Verigy, the semiconductor test man- ufacturer that was spun out of Agilent Technologies in 2006.
Related to Financial Plan: Accounting and Financial Management, Business Performance Management (BPM), Data Management and Analysis, SAP
 
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