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Chapter 10 The Financial Plan. Vishnu Parmar, IBA University of Sindh, Jamshoro. Introduction. The financial plan provides a complete picture of how much and when funds are needed, where funds are going, how much cash is available and projected financial positions of the firm
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Chapter 10The Financial Plan Vishnu Parmar, IBA University of Sindh, Jamshoro
Introduction • The financial plan provides a complete picture of how much and when funds are needed, where funds are going, how much cash is available and projected financial positions of the firm • It provides the short term basis for budgeting control and helps prevent one of the most common problems for new ventures
Operating and Capital Budgets • Sole proprietor is alone responsible for prepare budget • Partnership and Corporation types of organization include people in budgeting process like sales manager prepare sales budget, production manager prepare the manufacturing budget.