Financial plans rely upon many financial models. Models are used to make plans. A financial model can be as simple as a formula, such as this one to calculate a simple Return on Investment:
ROI = net profit / invested capital.
However, some financial models can involve complex calculations that require significant computing time. On Wall Street, brokers will use models to quantify the risks and rewards of "derivative investments" and "futures contracts." On Main Street, it's often important for a business to calculate the value of its Assets. Some assets, like cars or tractors, tend to lose value (depreciate) as they get older. So, if your business buys a $50,000 tractor, we can assume that the tractor will lose value every year until it requires replacing, say, in 5 years. To calculate this reduction in value, an accountant might use a model called "Straight Line Depreciation." Using this model, a $50,000 tractor that is expected to last 5 years would be valued at $40,000 after the first year, $30,000 after the second year, $20,000 after the third, and so on. A Financial Plan, by comparison, is a budget or a projection. To write a Financial Plan for a business of any size requires using some financial models, such as ROI or depreciation. In short, plans use models.
what is the difference betwen objective and plan
There is no difference between a unit plan and a scheme of wok. thank u. By highkult
A business plan is an overall look at a business that lists areas like product overview, marketing plan, action plan and it includes financial history (if any) and financial predictions; there fore a budget. So in terms of comparing these two in the same context, a budget is a subcategory of a business plan. when talking in general, a business plan gives a comprehensive look at a company and it's objectives, while a budget shows financial planning.
The main difference between fully insured and self-insured health insurance plans is in how the financial risk is managed. In a fully insured plan, the employer pays a premium to an insurance company, which then assumes the financial risk for providing healthcare coverage. In a self-insured plan, the employer takes on the financial risk and pays for employees' healthcare costs directly, often with the help of a third-party administrator.
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a plan is how your going to do somthing and an act is doing it
nothing .
nothing .
(actual - plan)/plan
there is none
A budget is a financial plan for the upcoming period. A capital budget, on the other hand, involves an organization's proposed long-range major projects.
if i know did ask this question with you