Prepare the outline of a financial plan for a small business. (1,0002,500 words)
Prepare the outline of a financial plan for a small business. (1,0002,500 words)
In your plan include descriptions/ explanations of:
the financial records that will be kept
the accounting procedures that will be used
how the financial projections will be calculatedincluding assumptions made
whether business capital is required and if it is, how it will be sourced
the taxation records that will be kept
the procedures for keeping taxation records
how debtors will be managed
the KPIs that will be used as well as an appropriate target for each one
any financial ratios that will be used
how the financial targets will be monitored and reviewed
how other plans and policies will be monitored for their impact on the businesss bottom line
how the financial plan will be evaluated and reviewed
