Task Six: Financial Planning
YOU CANNOT START AND/OR COMPLETE THIS WITHOUT A FINAL SALES FORECAST AND A LIST OF ALL YOUR OPERATIONAL COSTS
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Lesson breakdown
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Lesson 1: • Introduction to Financial Planning and how do we create an integrated plan: Focus on cash flow forecast using operations plan
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Lesson 2+3: Cash flow analysis and develop aims and objectives;
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Introduce ‘ILP-time-off’ work to do
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Lesson 4: Cash flow revisions, Problem spotting based on cash flow and develop aims and objectives
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Lesson 5: Profit and loss account and Financial Ratio Analysis and developing aims and objectives
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Lesson 6: Break Even analysis and then develop aims and objectives
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Lesson 7: Final Amendments to Financial Planning; Problem spotting based on P&L, ratio analysis, break-even and develop plan
Task 6 Brief Overview * In this section, you are going to produce financial documents for your business proposal. You will need to use the sales forecasts and operations plan that you produced earlier. This section is important as you are attracting investment and assessing the viability of your plan * Calculate, analyse and evaluate the following; Use these subheadings in your report * Size and duration of budget * Start-up costs * Running costs * Cash flow forecast * Break even analysis * Financial ratios * Profit and loss * Analyse all your financial documents showing detailed consideration for the Aims and Objectives: * Are they achieved? * If