What is the required information for a general financial plan?

Financial Planning:  In general, the following steps and associated information is required for financial planning

·       Make a projection of year wise cash outflow (expenditure) and cash inflow over a period of 5 years or more

·       Based on external environment analysis (economic and political), assume a rate of interest (cost of capital)

·       Prepare a capital budgeting to calculate net present value (NPV) or internal rate of return (IRR)

·       If NPV is positive or IRR is more than cost of capital, you can go ahead to implement a project

Free Workbooks and Worksheets

What is Financial Planning?  PDF

Financial Prescription  PDF

Accomplishing Financial Mission Workbook  PDF (military population)

Navigating Your Financial Roadmap Workbook  PDF (all populations)

Financial Fire Drill Workbook PDF (all populations)

Current Spending Plan  Excel

Future Spending Plan  Excel

Monthly Budget Excel

Family Goals Excel

Family Balance Sheet  Excel

Credit Card Payoff Calculator  Excel

What Makes Up Your Credit Score?  PDF

Debt Management Worksheet  Excel

Disaster Relief PDF

Financial Planning  needs the following information;

Here are last and recent basics agreed  during last  financial conference attending in London,UK ;

• Identifying the Goal of the company
• Identifying suitable vision of the company
• Identifying the mission needed for the company
• Identifying the needed results and/or indicators that could measure achieving this goal
• identifying the needed activities to achieve theses results
• converting these activities into financial plan that tells how much, when, who, and and how
• Using the important information related to ;

1.    The Historical information about the expenses and revenues incurred in last 3 years
2.   The Budget of the last year to get the needed judgement
3. the current inflation rate
4. the average change in the currency exchange during last 3 years

Thank You

sources of Income and expenditure. my 2 cents. Thanks.

Financial plans are written, organized strategies for maintaining financial health and accomplishing financial goals. Developing a personal financial plan will not only allow you to control your financial situation, but can enhance your quality of life by reducing the uncertainty you feel about money-related issues and future needs. While you may opt to employ a professional financial planner, developing your own financial plan is a perfectly feasible practice. Most financial planning experts recommend following a six-part process to develop a robust plan for the future of your finances

Determine Your Current Financial Situation : Develop a list of your current assets and liabilities , Calculate your current net worth , Organize your financial records , Track your income and expenditures, or cash flows

Develop Your Financial Goals : Set short-, intermediate-, and long-term goals , Use a "SMART" goal-setting process , Think about your financial values , Bring your family into the conversation , Consider all your goals, even if some seem less "financial" than others

Identify Alternative Courses of Action : Study the options available to you to meet your financial goals , Remember that the same goal may be met in a multitude of ways , Determine whether one goal will impact another

Evaluate Your Alternatives : Select which strategies you'll employ to complete your financial plan , Remember that all choices involve opportunity costs , Research potential decisions like a scientist , Recognize that uncertainty will always be part of the picture

Create and Implement your Financial Action Plan : Look at the big picture , Decide which goals you'll pursue now , Develop a budget that incorporates your financial planning goals , Consider hiring a professional financial adviser

Review and Revise Your Financial Plan : Think of your financial plan as a working document , Plan to review your financial goals on a regular basis , Discuss your personal financial plan with your partner