The system of financial plans of the company
Equity method based on the development of a coherent plan of income and expenditures (balance of income and expenditure).
Cash-analytical method involves the calculation of the targets by adjusting the financial performance of the reference period for the changes envisaged in the plan period and determine the effect of various factors (inflation, output, changes in credit conditions, etc.).
Normative method based on the use of financial rules, regulations for payments needs for financial resources and identifying the sources of their formation (tax rates, depreciation rates, rates, etc.).
The method of economic-mathematical modeling allows a certain probability to determine the dynamics of change based on factors that influence the development of financial processes in the future. Construction of models based on the use of extrapolation methods, regression analysis, expert evaluations.
Coefficient method or the method of percentage of sales, - determining setting relationship between the volume of turnover and financial performance. Since the turnover affects the amount of stocks of raw materials, the amount of money, the amount of loans, etc., determined the percentage relationship between the various asset and liability volumes and turnover.
Next, the amount of funds you want to attract from external sources.
The choice of planning method is determined by many factors such as the duration of the plan period, output information base, goals and objectives, skills, financial management, availability of software and hardware management.
Planned balance designed to detect changes in the structure of assets and capital. So could evaluate solvency, financial stability of the company in the future. As planned balance the financial position at the end of the plan period, in case of unsatisfactory performance necessary to adjust the business plan as a whole. This process will continue until you reach the desired result. It can be concluded that the planned balance - is an important document that captures the quality of all pre-planned operation.
List of balance sheet can to some extent to detail form the balance. It depends on the characteristics of interest and businesses.
The financial plan in the form of balance of income and expenditure planned in the most common practice. The main objective of this plan - identify all revenues and receipts and all expenses and deductions. And then on this basis has been or lack of financial resources or their surplus. In the first case, the company develops measures for finding sources of funding, and the second - replenishes reserves. To balance revenues and expenditures supporting document developed - test table. The main purpose of this table - to link the planned costs for specific sources of funding.
Each of the plans that are discussed in this section reflect a particular financial aspect of production and business enterprises. Different variations of these planning documents used in the practice of management.
In foreign corporations summary planning document that links production plan, organizational and technical development, marketing of financial support for their implementation, is the budget. The budget of the corporation is defined as a plan that covers all aspects of business operations for the future and set an official policy of the company, its objectives set by senior management.
In a typical company developed many kinds of budgets can be grouped into four main groups:
1) estimates of income and expenditure;
2) estimates of capital expenditures;
3) cash budget;
4) balance estimates.
The estimate of income and expenses reflects the planned revenues and operating and other expenses. The latter can be very diverse and depend on the principles of classification of costs. The estimate of income and expenditure as opposed to balance income and expenses includes income from sales and other income and provides coverage of all costs associated with the production and other operations.
Estimated capital expenditures reflects capital expenditures for reconstruction and development, machinery and equipment, replenish inventories and so on. As the long and short term planning in such estimates governing the uses of investment.
The cash budget - a forecast cash flow, which matched the actual monetary transactions. Analogue cash budget we have a plan cash flow and payment calendar.
The budget is a means firm control over future operations because managers have the ability to compare actual results of operations of the regulations that were set in the budget.