5.1d Financial Management

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5.1d Financial Management 5.1 Business 5.1d Financial Management This presentation has been produced by Ausintec Academy (Study Horses .com) for purpose of Educational Training. It is not for sale and may not be used or reproduced without prior written permission from the Director of Ausintec Academy

Financial Spreadsheet Financial plans can act as a benchmark for measuring actual performance. Well prepared plans contribute to achieving short and long term goals, making decisions, growth in profit, directing finances in the correct direction, minimising risk and financial security. A financial plan can be very comprehensive and intricate because different types of budgets and plans are used to create them:- operational plans short term plans/budgets long term plans/budgets cash flow projection key performance indicators (KPI’s) spreadsheet financial projections   KPI’s used in financial planning act as indicators for income, expenditure, productivity, waste and production, these are discussed further in later sections of the workbook. Financial plans also help determine the financial management approaches used. The size and structure of a business can determine who performs what activity in financial management which will involve working with the business’s financial information (reconciling, analysing, reporting) and processing transactions.

After the Video Tutorial View the Power Point Presentation and see if you can discuss each slide View the Video Tutorial again, if necessary Read the Workbook Do the Homework/Extension Lesson Complete the Online Quizzes Complete the Practical Assessments Join Phone Tutorials if available Listen to Phone Tutorial Recordings

References Websites:- Images:- www.studyhorses.com/education/Info/StudentResources/FSC-Spreadsheet.xls Images:- www.studyhorses.com/education/Info/StudentResources/FSC-Spreadsheet.xls

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