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The concept is relatively Financial Planning varies from one company to another, and from one individual to another; firms and private institutions rely hiring an accountant for the company to the budget, and this is a small part of the financial planning process, it is really in the Arab world is regrettable that the institutions do not pay attention to these steps seriously, for this We will remind you in this article the concept of budget and planning, and their significance, and the steps each.
The planning is based on the success of chief financial officer, and taken many photographs of the financial plan, a good plan, but are determined by the strengths and weaknesses of the project, and we can not neglect the role of financial analysis in this success. Profits of financial planning and function are considered posts of planning and control of the main tasks of the financial manager of the project and include the planning function of several key steps, we will address more to talk about. Financial planning steps to identify the problem or opportunity. Identify the best alternatives for dealing with the problem or opportunity. Analysis of each alternative and predict the results of follow each alternative. Select all the alternatives and put the plan in its final form. The purpose of the plan established by the Director is to achieve specific goals, and is on this basis, comparing the results of operations of these goals, so the control process are: performance measurement plans compared to the results. Take the necessary actions to improve performance. Financial management and play a key role in the oversight process, particularly in the aspects of quantity, also should be noted that the analysis on the past data is the starting point natural for any planning process, we find that financial ratios within the scope of quantitative methods for planning and control, because this kind of analysis financial institution and its potential center appears, is being planned in the light of the new possibilities that are obtained in order to achieve specific objectives, as equalizer analysis is an essential tool for planning the profits.
First of all, thanks for the invitation its a great question.
Budget planning is very important in planning process to determine priorities, objectives and results we
need to achieve.Also, to calculate cost-benefits of the events and the optimal allocation and funds resources to cover these costs to give decision makers a clear view about implementation of these events. In addition, we consider it as a control tool to monitoring and to measure deviation between the actual and planning budget.
For better budget planning, at the very least there should be a plan. What, where, and why to invest. For example, I own a business and for its promotion, improvement and modernization need to take into account many factors, also related to time. Where to invest money that it would be effective and relevant. One of these areas now, the creation of software, a quality site or application, because almost everything is in the network. For this I started looking for where to find a company that will help me with this, and found a cool article https://www.light-it.net/blog/how-to-hire-a-web-developer-a-complete-guide/, which helped me a lot. I think you will also benefit from
it is help co. to know what the required and how much should be cover to know marketing plan
