- Financial plan
In general usage, a financial plan can be a
budget, a plan for spending and saving future income. This plan allocates future income to various types of expenses, such as rent or utilities, and also reserves some income for short-term and long-term savings. A financial plan can also be an investmentplan, which allocates savings to various assets or projects expected to produce future income, such as a new business or product line, shares in an existing business, or real estate.
business, a financial plan can refer to the three primary financial statements(balance sheet, income statement, and cash flow statement) created within a business plan. Financial forecast or financial plan can also refer to an annual projection of income and expenses for a company, division or department. [Meigs, Walter B. and Robert F. "Financial Accounting", 4th ed. (McGraw-Hill Book Company, 1970) pp. 187-188.] A financial plan can also be an estimation of cash needs and a decision on how to raise the cash, such as through borrowing or issuing additional shares in a company. ["Barron's Finance", 4th ed, 2000, p.578.]
While a financial plan refers to estimating future income, expenses and assets, a financing plan or finance plan usually refers to the means by which cash will be acquired to cover future expenses, for instance through earning, borrowing or using saved cash.
Financial planning (business)
Reference class forecasting
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financial plan — A blueprint relating to the financial future of a firm. Bloomberg Financial Dictionary * * * Ⅰ. financial plan UK US noun [C] FINANCE ► a plan made by a person or organization about their income, spending, etc.: a comprehensive/detailed/long term … Financial and business terms
Financial Plan — A comprehensive evaluation of an investor s current and future financial state by using currently known variables to predict future cash flows, asset values and withdrawal plans. Most individuals work in conjunction with an investment or tax… … Investment dictionary
Long-term financial plan — Financial plan covering two or more years of future operations. The New York Times Financial Glossary … Financial and business terms
long-term financial plan — financial plan covering two or more years of future operations. Bloomberg Financial Dictionary … Financial and business terms
Short-term financial plan — A financial plan that covers the coming fiscal year. The New York Times Financial Glossary … Financial and business terms
short-term financial plan — A financial plan that covers the coming fiscal year. Bloomberg Financial Dictionary … Financial and business terms
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Financial planning (business) — Financial planning is the task of determining how a business will afford to achieve its strategic goals and objectives. Usually, a company creates a Financial Plan immediately after the vision and objectives have been set. The Financial Plan… … Wikipedia
financial forecast — UK US noun [C] FINANCE ► a statement of what a company s financial position is likely to be in the future, for example what its costs, income, and profits will be: »Be sure to provide a financial forecast to prove the viability of your business.… … Financial and business terms