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The Financial Plan
Sound financial projections are necessary to determine if a business will likely operate at a profit. This module explains how to create an income statement, a balance sheet, and a cash flow statement. These documents are integral parts of a financial plan and crucial when applying for a loan. Prerequisites: completion of "Market Research" and "The Marketing Plan" is strongly recommended.
Module: FCE-130, Media: OL, Lessons: 1
Course DetailsThe Financial Plan
Module ID: FCE-130/136
Audience
Adult Continuing Education & Family Education
Module Description
Finances are a critical part of all businesses. Every company or individual needs to keep track of the money that comes into a business and the money that goes to pay its bills. Moreover, a company needs to know how much cash is at hand and how much the company is worth at any given moment. This module uses a case study about Cyber Cafe on Walton and includes sample financial documents for the Cyber Cafe, as well as a sample blank financial plan template. This plan gives you a real-life example of how a small business controls its money. The module identifies the information needed to create the financial plan. The module concludes with a description of the elements that make up the financial plan, such as the income statement, balance sheet, and cash flow statement.
Media
Online
Organization
One module
Credit
none
Prerequisites
Completion of FCE-110/116: "Market Research" and FCE-120/126: "The Market Plan" is strongly recommended.
Overview
One assignment is submitted to the instructor.
Grading
Letter grades
Objectives and Content
After completing this module, you will be able to:
a. describe the importance of a financial plan
b. identify the parts of a financial plan that you will use to manage a real-life business idea
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