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Prepare the outline of a financial plan for a small business

Assignment Help Basic Computer Science
Reference no: EM132361237

Part 1

Prepare the outline of a financial plan for a small business.

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 calculated-including 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 business's bottom line
  • how the financial plan will be evaluated and reviewed

Part 2

Make a brochure that could be given to people considering starting their own business and who want to know the key considerations when developing a business plan and determining the best methods of managing the business's finances.

Reference no: EM132361237

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