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Key elements of financial planning

What is financial planning? Financial planning is the task or steps followed to achieve the organisation’s strategic goals. Organisations often develop their plan after determining their vision and objectives. The …

Balance Sheet Analysis and Ratios

Another important technique used in financial analysis is ratio analysis. You have already been introduced to ratios previously. Let’s re-examine ratios and their importance in the balance sheet. Ratios express …

7 different approaches to budgeting

Because budgeting is a process of preparing detailed projects of future amounts, we can create a budget in many ways, including: top-down or bottom-up incremental zero-based rolling activity-based. 1. Top-down …