The financial plan is the basis for the financial management of the company, also of the budgetary establishment.
It includes income and expenditure constituting the costs of activities and the status of current assets and the settlement of the budget approved by the Board.
The Financial Plan is treated as a major part of a business plan. It provides a summary of anticipated income and expenditure relating to the implementation of the adopted strategic objective.
Shows the projected investment, course of financial operations, expected profit and growth of the company’s assets which is a consequence of the strategic plan.
The Financial Plan consists mostly of descriptive and financial statements, which must be internally consistent with each other.
The Financial Plan should contain: