FINANCIAL PLANNING Paes See eee eaeemes Bienareartsctreente Gus tinieeee Eines Weer. Serres errs ‘ejired to moot akehalers expectations. Some ofthese are cleat elated wo the state level and possible wrategi nancial objectives could be: 4 Financial Planning Activities TRS an ere * Setarrarengae nit fm eat te kaparencetree rere eA aE Seppe crac cerca Siatennt een cee emenaraen Sameera At the opetational level, nancial planing i Hikely to be related ws 'B Return on capital employed by the organisation. 12 Dividend levels paid to shareholders. 1 Proft levels. 18 The level of gearing - that isthe ratio of external borrowings to shareholders’ funds. 18 Target rates for asset growth. 1B The business’ capital investment programme, 1 The managing of cashflows, 5 Contral of creditors and debtors, 5 Cost eontal, Stock conto, 2 Texaton 1 Raising short term fingnce (Overdraft, Trade raat? Seer nay 12 Rationing avalable and planned funds to pecmeaal anager iraugh te proces of sling nds ee dee 12 Controling deviations from planned costs an Sedge Parance anatye.——— {ausiay 324 20u 399 unig stay) s88:6018-UE HON, eee '9PAD 1edeD BuPLOM = ‘22/9 rexjde9 BUDO wo 0 syenine ie be Soy eps ue BN = ve sve ug vo Ayneoy om A ou Od guage veg sw ley soa aes See cd se 29 pres spa a ao SH STABROREAE PEELS « pe area mn sa ni pom Ena = pu 9 turn pss Sn ee poe rom ee nites mre ‘Avece> ou es 857500 ©) SIAL ety tes pens os fyeoneacne (ano use> vew arow 5} ut yseD) = prow suai ipenn se owe sco sous og 40300 pesinasp use> speeox gens SSBUI op IU! pONEDO! USED = ew aunsue 7 ee eee idee at : queweBeuen yse> *t Buquuyg fepueuTy Supsapy soe T @ eBudgetary Proce: A budget is a financial or quantitative statement prepared in advance of a period of time that reflects the agreed policies and strategies necessary to ‘meet objectives. Key and Master Budget Sales budget Production budget Direct Material budget Direct Labour budget Factory Overhead budget ‘Admin & Selig Expenses budget Cost of Goods Sold buaget Profit & Loss budget Budgeted Cash Flow 10. Budgeted Balance Sheet Benefits of Budgeting ear or Eeseyarommarevsaner. » SRS eee Smee ce reer ean menmeet escent eae emer Raaeeuceasmanae ‘Sacra ante arbtene oe melon Sees, Se ceeer erences Poe aed SSRs Sree aey