English Learning Guide

Competency 2
Unit 6: Financial Education
Workshop 4
Centro de Servicios Financieros- CSF

Name: Adriana Ronderos Gonzalez Cohort: Date: 2481801

Training program: contabilidad finanazas Instructor:

FINANCIAL PLANNING PRESENTATION

This workshop attempts to help you have clear your knowledge about financial
planning presentation, learning basic concepts, identifying the importance of it.
You will learn about Financial Planning and how to apply it for yourself and
others.

Objective: From the development of these activities, you will be able to make and talk
about financial planning in your workplace.

1. Work in groups and discuss the following questions:

What do you think a financial planning presentation is?

Rta:Financial planning is a key financial management tool that understands and grants control, improves the
decision-making process, as well as the level of achievement of organizational objectives and goals.
What are the objectives of a financial planning presentation?
Rta: The objectives of financial planning are:
Coordinate and Interrelate the different activities. Objectives: Design of measurement systems and
quantification of the general objectives of the company: creation of value and profitability. Control base:
preparation and monitoring of the Budget.
What do you consider is the importance of a financial planning presentation?
Rta: Considering that financial planning is a key component to achieve efficient management throughout the
economic entity, as it establishes the conditions to create what will be done in the future, allowing its
visualization, preventing problems that may be generated.

2. Read the following checklist1, choose the five most relevant aspects that are
key for your Financial Company Planning and discuss with your classmates why
you chose them.

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1
Taken from https://printableworksheets.in/worksheet/checklist-of-common-business-goals
 English Learning Guide
Competency 2
Unit 6: Financial Education
Workshop 4
Centro de Servicios Financieros- CSF

3. SKILL PRACTICE: Do the following

activities to practice and learn vocabulary
and English structures.

3.1 LISTENING PRACTICE: how to start your business financial plan

Before listening, work in groups to identify the concepts, meaning an

equivalence of the following vocabulary:
Successful : exitosa Expenses: gastos

Funding :fondos Sales Revenue: los ingresos por

ventas

Comprehensive Financial Plan : plan Cost Of Goods Sold: costos de

integral financiero los bienes vendidos

Set Up Cost : coste de costelacion Fixed Cost Of Doing Business:

costo fijo de hacer negocio

Accounting Fees : horarios Margin: margen

contables

Registration And Licenses : registros Cash Flow: cambio de efectivo

y licencias

Equipment And Fit Out : equipo y Cash flow Gap: brecha de flujo
equipamiento de efectivo

Working Capital : capital de trabajo Balance Sheet: hoja de balance

Overall Costs : costos generales Profit: lucro

Forecast : pronostico Loss: perdida

Sales : ventas Break-Even Point:punto de

equilibrio

Watch the following video and then complete the activities below.
https://www.youtube.com/watch?v=Yyq4X71H5Fw

Select the correct answer to the following statements

1. Accounting fees is part of:

a. Forecast cash flow
b. Business set-up cost
c. Forecast balance sheet
 2. If you are not prepared and customers are slow to pay, this can result in…
a. Sales revenue
b. Cash flow gap
c. Break- even point

3. The process of identifying if your revenue exactly covers your expenses is form
called:
a. Step 5
b. Step 4
c. Step 1

4. The break-even point tells you

a. Your business set-up cost
b. Your initial working capital
c. The sales you need to make
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English Learning Guide

Competency 2
Unit 6: Financial Education
Workshop 4
Centro de Servicios Financieros- CSF

Mark the following statements true (T) or false (F)

- Successful business is something to be proud of (v )

 - Excessive financial planning makes small companies to fail (f )
- A comprehensive financial plan is essential for your business ( v)
- Registration and licenses is the pillar for forecasting sales and expenses ( v) -
Forecasting for a year gives you the confidence that your finances work in your
favor (v )

Answer the following questions:

- How do you “Calculate business set-up costs”?

To calculate production costs you must consider three large groups of expenses:
labor, materials (raw materials, packaging and secondary materials) and general
manufacturing costs (electricity,)
_______________________________________________________________ -
What do you have to compare to forecast sales and expenses?
Selling expenses are all those that are generated during a commercial
transaction with your clients. It is important to understand that they are only the
expenses that occur during the sale of your merchandise. These expenses, along
with administrative expenses and general expenses, give the total of operating
expenses.
__________________________________________________________________
- Why is it helpful to forecast your balance sheets?
As part of the financial control of the company, forecasts allow to foresee the
situation of the organization in different circumstances. Financial forecasts
are future predictions of the behavior of companies, usually at the level of
income from sales or profits (profitability)
__________________________________________________________________

3.2 READING PRACTICE: principals of a financial planning

Before Reading the text, discuss the following questions:

- Why is important Financial planning for a Company?

Rta: Financial planning allows a projection of the desired results to be achieved by the company, since it studies
the relationship of sales projections, income, assets or investments and financing, based on alternative
production and marketing strategies
- What aspects are involve into a Financial Company planning? Mention at least five.
Rta: The establishment of the objectives pursued and their priority.
The definition of deadlines to achieve these objectives. Long-term financial planning. ...
Short-term financial planning, a process that gives focus, direction and meaning to each of the financial decisions
that are

English Learning Guide

Competency 2
Unit 6: Financial Education
Workshop 4
Centro de Servicios Financieros- CSF
Definition of Financial Planning2

Financial Planning is the process of estimating the capital required and determining its
competition. It is the process of framing financial policies in relation to procurement,
investment and administration of funds of an enterprise.

Objetives of Financial Planning

Financial Planning has got many objectives to look forward to:

a. Determining capital requirements- This will depend upon factors like cost of current
and fixed assets, promotional expenses and long- range planning. Capital
requirements have to be looked with both aspects: short- term and long- term
requirements.

b. Determining capital structure- The capital structure is the composition of capital, i.e.,
the relative kind and proportion of capital required in the business. This includes
decisions of debt- equity ratio- both short-term and long- term.
c. Framing financial policies with regards to cash control, lending, borrowings, etc. d. A
finance manager ensures that the scarce financial resources are maximally utilized in
the best possible manner at least cost in order to get maximum returns on investment.

Importance of Financial Planning

Financial Planning is process of framing objectives, policies, procedures, program and budgets
regarding the financial activities of a concern. This ensures effective and adequate financial
and investment policies. The importance can be outlined as

1. Adequate funds have to be ensured.

2. Financial Planning helps in ensuring a reasonable balance between outflow and inflow
of funds so that stability is maintained.
3. Financial Planning ensures that the suppliers of funds are easily investing in companies
which exercise financial planning.
4. Financial Planning helps in making growth and expansion programs which helps in
long-run survival of the company.
5. Financial Planning reduces uncertainties with regards to changing market trends which
can be faced easily through enough funds.
6. Financial Planning helps in reducing the uncertainties which can be a hindrance to
growth of the company. This helps in ensuring stability and profitability in concern.

According to the text answer the following questions:

- What are the five main elements for financial planning?

Anticipate future decisions: Search for alternative solutions.

Coordinate and Interrelate the different activities.

Objectives: Design of measurement systems and quantification of the general objectives of the company:
creation of value and profitability.

- What does the finance manager ensure?

The CFO has the responsibility of supervising and managing financial reports,
investment portfolios, accounting and all types of financial analysis of the company. In
addition, he must supervise the cash management strategies as well as the regulatory
area of the venture.

_ 2. Explain in your own words the importance of capital in Financial Planning.

el capital de financiera en una empresa es importante por a partir de eso miramos en
donde podemos empezar a trabajar y poder tener unos ingresos y poder mantenernos en
el mercado .

English Learning Guide

Competency 2
Unit 6: Financial Education
Workshop 4
Centro de Servicios Financieros- CSF

4. VOCABULARY

Search and find the following words in the

Word Search, taking into account the
previous reading. Then, look up their
meaning of the words.

WORD SEARCH
 WORD DEFINITION / MEANING

CAPITAL Stockholders' equity is a concept referring to the difference

between the assets and liabilities of a company.

BUDGET A budget, in economics, refers to the amount of money that is

needed to meet a certain number of expenses necessary to
undertake.

RESOURCE Claim in writing against the resolutions determined either before

the authority that issued them, or before some other.

SUPPLIERS That is dedicated to providing or supplying necessary products to

a person or company.

OUTFLOW means the exit of money from the coffers of a company or

organization, while income means the money that enters.

INFLOW Abundance or large number of people or things.

SHORT-TERM ¿Qué significa corto y largo plazo en contabilidad?

Entenderemos como “Corto Plazo (c/p)” aquel período temporal
dentro de un horizonte igual o inferior a 12 meses; es decir, un
año. Por el contrario, encuadraremos dentro del “Largo Plazo
(l/p)” a aquellos sucesos futuros dentro de un plazo superior a un
año.

LONG-TERM In the long term, it is the formula established in Spanish to refer

to a relatively long period, so it is not advisable to replace it with
the expression in the long term.

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 English Learning Guide
Competency 2
Unit 6: Financial Education
Workshop 4
Centro de Servicios Financieros- CSF

3.3 WRITING PRACTICE3

Read carefully the next chart about how to use a “SMART goals” technique.

According to the before image, use this SMART chart for the company where your model
company. Suppose that you are the finance manager of the corporation.

3
Text adapted from: https://docplayer.net/12259708-1planning-your-financial-future-it-begins
here.html
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 English Learning Guide
Competency 2
Unit 6: Financial Education
Workshop 4
Centro de Servicios Financieros- CSF

3.4. Speaking practice

Now, practice your oral skills and perform a short presentation in groups in which
each group has to show and talk about a Financial Company Presentation and
your SMART chart. You can make up a company or gather information of a real
company.

5. EXTENSION ACTIVITIES: the extension activities will help you improve your
performance in the topics. You need to reach at least five hours of practice on your
own.

RTA: The first task you must do to start building your financial plan is to be clear about
the income and expenses that you usually have. Knowing how much you earn and
how much you have to allocate to cover your obligations will allow you to be clear
about your financial picture, know what are the crucial moments for your pocket and
understand how much you can allocate for savings or investment.

One of the most frequent problems that arise when making a financial plan is setting
unrealistic goals that are out of reach. To achieve successful savings, good sense is
necessary. That is, understand how much money from your income is left free and
understand how much you can save, without falling short at the end of the month.
This will help you define clearer goals, whether they are short or long term, and that
you can see materialized more easily.

Even if we have our finances under control, sometimes situations can arise that we
cannot control: illness, injury, dismissal, among others, that can happen to anyone.
For this reason, it is important that in your financial plan you allocate an amount to
 unforeseen expenses. In this way, if an unfortunate event happens to you, you can
count on emergency money to help you face those difficult moments with greater
peace of mind.

- Based on your instructor’s orientation, explore the following website and

practice the English structures. Do at least 2 activities from each topic
studied in class and deliver them to your instructor:
https://www.wordy.com/writers-workshop/english-writing-techniques/ -
Also visit: https://www.youtube.com/watch?v=VgTqZOZ1UMQ
- For information on financial planning models, visit:
https://study.com/academy/lesson/types-of-financial-planning
models.html and
https://corporatefinanceinstitute.com/resources/knowledge/modeling/t
ypes-of-financial-models/
- For more information about financial plan presentation, follow:
https://www.youtube.com/watch?v=hV_rDPEpLEc

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