Posts Tagged ‘complete financial planning’
Types Of The Financial Planning
February 6th, 2011
According to the time of writing financial plans can be divided into: introductory (organizational), current (operational), reorganized (anti-crisis), unifying (connectors, plans of merging), separating and liquidation plans.
Introductory (organizational) financial plans are formed by the date of the organization of the company.
Current (operational) financial plans are drawn up periodically throughout the period of operation of the company.
In respect of reorganized, unifying (connectors), separating, liquidation financial plans, it is easy to conclude that they are drawn in such a time when the company carried out the readjustment procedure (recovery), the company merges, divides or is under liquidation.
The need in the formation of reorganized (anti-crisis) financial plan occurs when a company is under the explicit bankruptcy. An anti-crisis financial plan should help answer the question of what actual damages the company has, whether there are reserves for the repayment of debt and what their estimated value, and to identify ways to resolve the situation.
Separating and unifying (connectors, plans of merging) financial plans can be called a plan-antipodes. Connectors (unifying, plans of merging) and separating financial plans are prepared for joining one company to another or during the division into several entities. That is the connection (unification, merging plans) and the separating plans are formed during the reorganization of a legal entity, which may take the form of merger, takeover, division, separation or transformation.
Unifying (connectors, plans of merging) financial plans are prepared by combining (merging) of two or more companies in one or join one or more structural units of the company.
Separating financial plans are prepared at the time of the division of the company into two or more companies or the allocation of one or more structural units of the company to another.
Liquidation financial plans are prepared at the time of liquidation. And the reasons for liquidation may be different – as a result of bankruptcy or closure as a result of the reorganization.
As for the content of the information displayed one can distinguish static and dynamic (flexible) financial plans.
Static plans contain one level of reporting, and dynamic (flexible) – several
Dynamic plans, of course, are more informative, but they are more difficult to draw up.. If in the static financial plan one variant of the situation is developed, in the dynamic – two or more. Accordingly, the complexity and time consuming preparation increase in proportion.
According to the volume of data plans may be single and consolidated (consolidated).
Single plans reflect the strategy of one company. Summary (consolidated) plans represent a strategy of action for the entire group of companies. These financial plans are often drawn up when it comes to the group of companies controlled by one person or group.
According to the purpose the financial plan can be divided into tentative and final. Tentative plans are to implement the controls, analytical procedures. As a rule, these plans are not transmitted to interested users, as they are instruments of internal control and analysis. Final plans are official documents of the company and serve for different sources to interested users to explore the financial plans of the company
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