Preview

Emirates Essay

Powerful Essays
Open Document
Open Document
4130 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Emirates Essay
Contents Introduction 2 Work break down process 3 Gantt Chart 4 Network Diagram 5 The critical paths are as follows:- 5 Types of costs 6 FIXED COST 6 VARIABLE COST 6 SEMI VARIABLE COST 6 STEPPED COST 6 SWOT analysis 7 Strengths 7 Weaknesses 7 Opportunities 8 Threats 8 PEST ANALYSIS 9 POLITICAL 9 ECONOMICAL 9 SOCIAL 9 TECHNOLOGY 9 BUISNESS FUNCTIONS 10 HUMAN RESOURCE MANAGEMENT 10 MARKETING DEPARTMENT 10 RESEARCH AND DEVELOPMENT 10 FINANCE AND ACCOUNTS 11 ADMINISTRATION 11 CONCLUSION 12

Introduction Task 1
1.1 Financial Planning Process
The Financial planning process is anactive process which involves the allocation of the various financial resources in order to meet the strategic goals and objectives of the business. Typical financial goals include such things as a new car, a bigger home, advanced career training, lengthy travel, and self-support during working and retirement years. To achievegoals, one needs to identify their targets and set priorities. Personal financial planning is the process of managing your money to achieve personal economic satisfaction. This planning process allows one to managetheir financial situation.
A widespread financial plan can improve the quality of the business and increase onescontentment by reducing uncertainty about the business’s future needs and resources. The advantages of personal financial planning include increased effectiveness in obtaining, using, and protecting your financial resources.
The financial planning process consists of six important steps: * Establishing and defining the client-planner relationship. * Gathering client data, including goals. * Analyzing and evaluating your financial status. * Developing and presenting financial planning recommendations and/or alternatives. * Applying the financial planning recommendations. * Monitoring the financial planning recommendations.

Figure 1 Financial Planning Process(1)

You May Also Find These Documents Helpful

  • Satisfactory Essays

    There are four elements of financial management (Baker &Baker, 2011). The first is planning. Financial planning is when one identifies the steps that need to be taken for an organization to reach its objectives. The second element is control. This means controlling each area of an organization,…

    • 278 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Pf Assignment 1

    • 685 Words
    • 2 Pages

    1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)…

    • 685 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Mid-Term Quiz Study Guide

    • 5663 Words
    • 23 Pages

    * Personal Financial Planning- the process of developing and implementing an integrated, comprehensive plan designed to meet financial goals, to improve financial well-being, and to prepare for financial emergencies.…

    • 5663 Words
    • 23 Pages
    Powerful Essays
  • Good Essays

    Assesment1

    • 714 Words
    • 3 Pages

    Financial planning skills can help you acquire more in term of finance and can also help you secure what you have. When you have skill to plan, you are aware of how to manage your account hence adding on your profit. Securing what you have is important as it ensures that you do not go broke or loose everything which is important to me because you wanna be set and good to go with no problems…

    • 714 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    assignement 1

    • 1282 Words
    • 4 Pages

    Financial planning skills can help you have an organized way of saving you money and prepare you for your future spending. I’ve experienced how difficult it is to save money. Having a financial plan can help you know how much money you can spend and when you can spend it. Also, it can inform you how much extra money you have to spend for yourself.…

    • 1282 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called…

    • 722 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Week 1 Assignment

    • 962 Words
    • 4 Pages

    1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called Personal financial planning…

    • 962 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    This course provides an overview of the elements necessary for effective personal financial planning and the opportunity to apply the techniques and strategies essential to this understanding. Primary areas of study include creating and managing a personal budget, understanding and paying taxes, working with financial institutions, wise use of credit cards and consumer loans, financing automobiles and homes, and the use of insurance for protecting one’s family and property.…

    • 1875 Words
    • 8 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Economics Basics

    • 810 Words
    • 2 Pages

    1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)…

    • 810 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    assignment 1

    • 1442 Words
    • 6 Pages

    One example of financial planning that could help me would be saving for a new car. Another example would be saving for college. Saving for a new car is important because I will need a car for work and college. Saving for college is important because I want to attend a good college so I can study to become a scientist.…

    • 1442 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    There are several elements that are involved in financial management. However, there are four key elements that will be discussed throughout this paper. Those elements consist of planning, organizing/directing, controlling, and decision making. Planning requires management to set realistic objectives and devise a plan or course of action to achieve those objectives. It requires managers to be aware of their organizations current financial status as well as their future financial status in order to make sound decisions.…

    • 962 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Democracy and Greeks

    • 463 Words
    • 2 Pages

    How do Greco-Roman and Judeo-Christian ideas influence the Enlightenment and the foundation of modern governments? The Hebrews Wrote the first laws moral ethic. Also wrote the 10 commandments that Had a huge impact in the Enlightenment. Also, found the first religion Which was monotheistic the belief in one god. The Hebrews are very Important because they are the foundation of many of our illegal laws Including the amendments and right to a trial came from them.…

    • 463 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Financial Planning

    • 695 Words
    • 3 Pages

    The process of creating a detailed plan to meet your financial needs and prepare for the future is called…

    • 695 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Financial managers must know the short and long-term goals of this or her organizations to formulate plans from meeting those goals. Planning is more than the upper management of an organization deciding what it wants to accomplish. Effective planners define strategies when planning and seek the input of everyone involved in the process, and ensure everyone supports the plans and understands their roles in executing the plans. Generally accepted accounting principles (GAAP) usually are regarded…

    • 1148 Words
    • 5 Pages
    Better Essays
  • Good Essays

    John Updike

    • 669 Words
    • 3 Pages

    Upon reflection of this week readings; I would have to say that the literary work that captured my interest the most would have to be John Updike‘s poem “Dog's Death”. He captures your emotions right from the start and sets the tone for the entire poem. In line one he states that she must have been kicked, this sets the tone for the whole poem. We the readers are aware that this beloved dog has been injured in some way. Furthermore, he captures your attention by using sadness and loss to captivate his readers into an emotional state of longing to bring this beloved dog back to life. In line six we are given the information that an autopsy was performed and it revealed that she had a rupture in her liver. Thus, we were informed early on into the poem that a loss occurred.…

    • 669 Words
    • 3 Pages
    Good Essays