Financial Plan Delivery Requirements
Any given company develops financial plans to expand the business in hopes of reaching a larger consumer base, increasing annual profits and adding more products or service options to the existing offerings. A financial plan is often presented to the board of directors, heads of the accounting department and relevant employees who will be working extensively with the financial planning and progression. When delivering the financial plan via a presentation, several criteria are required to ensure that the plan is understood.
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Current Financial Situation
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The first part of the financial plan presentation must explain the company's current financial situation. Use figures from the current budget and net worth figures from the most recent annual report so you have assets and liabilities as well as the company's monthly expenses and income amounts.
Sharing New Goals
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Another requirement for a financial plan presentation is sharing the new goals the company executives want to work toward. A financial plan may have several goals, including raising the annual profits by 40 percent or expanding the current product line with at least eight new products.
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Present the Plan
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A plan must be shared that closes the gap between the current financial standing and the desired financial position. The plan must provide a detailed schedule of actions, a timeframe for the entire plan, a list of short-term goals that serve as milestones within the plan and a list of potential risks of the plan. Each risk must have a solution, so the company executives know what to do if the risk becomes a reality. The plan must also explain how it will be implemented by cutting expenses or making budgeting changes.
Explain Monitoring Steps
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The presentation must also describe what steps will be taken to monitor the financial plan implementation and development. The monitoring plan may include doing a weekly review of the financial situation and the financial plan to assess the risks and determine whether outsourced help is necessary to move the plan forward.
Giving the Presentation
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You must present the information in a clear tone of voice, so people understand every word you say. Depending on the audience's knowledge of the company's finances, it is useful to provide examples of the figures or situations, so it becomes relatable to people. Answer any questions the employees may have to clarify information or plans in the presentation.
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