A financial plan is a document containing a person’s current money situation and long-term monetary goals, as well as strategies to achieve those goals. A financial plan identifies, organizes and prioritizes your financial goals, then outlines the steps you need to take to achieve them. They can also lend some insight as to if you’re on track to meet your financial goals or if you need to make adjustments to your spending. These plans may revolve around consolidating debt, opening bank or brokerage accounts, establishing a savings regime or building an investment plan. Financial plans can stretch over years, months or decades, depending on the time horizon of your goals. A financial plan may be created independently or with the help of a certified financial planner. A financial plan documents an individual’s long-term financial goals and creates a strategy for achieving them. The plan should be comprehensive, but also highly individualized to reflect the individual’s personal and family situation, risk tolerance, and future expectations. The plan starts with a calculation of the person’s current net worth and cash flow and ends with a strategy. The first step in the creation of a financial plan involves getting together a lot of bits of paper or, more likely these days, cutting and pasting numbers from various web-based accounts into a document or spreadsheet. Your assets may include a home and a car, some cash in the bank, and anything else you own of value. Your liabilities may include credit card debt, student debt, an outstanding mortgage, and a car loan. Your total assets, minus your total liabilities, equals your current net worth. The financial plan includes budgeting, investing, retirement planning, estate planning, tax planning, risk management. Financial plans can get complex, so having the help of a professional can be extremely beneficial. Financial advisors often provide financial planning services, along with investment advice if you need it.
Financial Plan template will be primarily useful for financiers and securities professionals. You can present your financial statements using the modern and professional tools of this template. The first slide of this template gives you the opportunity to present your annual financial statement and place two bar charts at the bottom of the slide. You can present data on the cash flow from the main activities of the company, borrowed funds, and display the cost of production and payment of dividends. The second slide of this template will be helpful to economists when preparing cost comparative analyses for different products. You can present your complex calculations of product profitability over several years by presenting the data in a stylish spreadsheet. This template will also be useful to product managers when preparing a new product-to-market strategy. Business trainers will be able to use this template when preparing their courses on financial planning and financial management. All slides in this template are easy to edit and if necessary, you can present infographics and blocks according to your corporate requirements.