Strategic Plan
a) Setting broad objectives of the enterprise
b) Defining specific enterprise goals
c) Formulating enterprise strategies
d) Circulating management's planning instructions
Financial Plan
b) Defining specific enterprise goals
c) Formulating enterprise strategies
d) Circulating management's planning instructions
Financial Plan
a) Long-term financial plan
* Sales, costs and profit projections
* Major projects and capital additions
* Cash flow and financing
* Personnel requirements
b) Short term annual budgets
* preparing operating budgets like sales budget, production budget, material and purchase budget, labor budget, manufacturing overhead budget, administrative expense budget, and distribution expense budget.
* Preparing financial position budgets like proforma income statement, proforma balance sheet, cash flow plan, performance reports, and follow-up, corrective action and re-planning report.
* Major projects and capital additions
* Cash flow and financing
* Personnel requirements
b) Short term annual budgets
* preparing operating budgets like sales budget, production budget, material and purchase budget, labor budget, manufacturing overhead budget, administrative expense budget, and distribution expense budget.
* Preparing financial position budgets like proforma income statement, proforma balance sheet, cash flow plan, performance reports, and follow-up, corrective action and re-planning report.