Any enterprise for successful development in the market must have a financial plan, which is a comprehensive document on the functioning and development of the organization in monetary terms. In addition, both efficiency and the result of the company's investment, production and economic activities will be forecasted.
This document should reflect the final result of industrial and economic activity, which covers both inventory items and cash flows of all divisions, their interdependence and interconnection. Consider the principles and features of its preparation in more detail.
The financial plan of the enterprise is a synthesizing and reflecting in monetary terms the result of the company's production activities. The information base for its compilation, mainly, is the accounting documentation (balance sheet and its annexes).
In the financial plan, companies should be reflected:
- cash receipts and revenues;
- deductions and expenses of cash flows;
- credit and budgetary relations;
- company balance sheet.
The strategic financial plan of the enterprise is a document of the basic development of the entire business, as well as a long-term structure in the organization. It should reflect the main monetary indicators and the pace of production, investment opportunities, the rate of accumulation and reinvestment. This core document defines the structure and amount of resources that are needed for an organization.
The current financial plan of the enterprise is developed on the basis of the strategic plan with the help of detailing it. But if in the first case an approximate characteristic of resources is given, the volume and direction of their use. Within the framework of the current, it is necessary to coordinate all types of investments with sources of financing. In addition, it is recommended to study the effectiveness of reserves, conduct an economic assessment of the basic directions and methods of making a profit.
The operational financial plan of the enterprise is a short-term tactical document, the content of which is directly related to the achievement of the company's current goals (production plans, procurement of materials, raw materials and others). It is included as part of the organization’s annual and quarterly budget.
But drawing up a financial plan for an enterprise is a very complex process. The fact is that, given the possible uncertainties and the risks associated with them, it is necessary to prepare options for these documents: optimistic, pessimistic and most likely. Only in this case it will be possible to hope for the effective development of the company in the market.
Let us dwell in more detail on how to draw up a plan for the financial “recovery” of an enterprise. This process, mainly, should be influenced not only by the scale of the organization, but also by the scope of its functioning.
The main objectives of this document will be the following:
- restoration of solvency;
- increasing competitive opportunities and advantages;
- repayment of loan debts;
- maintaining effective and optimal performance.
In terms of improving the organization must necessarily get a description and justification of the following information.
Firstly, the program of survival, optimization, development of the enterprise.
Secondly, the plan and procedure for the reorganization and reformation of the organization.
Thirdly, a detailed analysis of the structural processes of company management in the conditions of the economic crisis, or before it occurs.
Fourth, the rationale for the need and ability to present this organization with financial assistance and support.