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In Business , a financial plan can refer to the three primary Financial Statements (balance sheet, income statement, and cash flow statement) created within a Business Plan . '''Financial forecast''' or financial plan can also refer to an annual projection of income and expenses for a Company , division or department.Meigs, Walter B. and Robert F. ''Financial Accounting'', 4th ed. (McGraw-Hill Book Company, 1970) pp. 187-188. A financial plan can also be an estimation of cash needs and a decision on how to raise the cash, such as through borrowing or issuing additional shares in a company.''Barron's Finance'', 4th ed, 2000, p.578. While a financial plan refers to estimating future income, expenses and assets, a financing plan or '''finance plan''' usually refers to the means by which cash will be acquired to cover future expenses, for instance through earning, borrowing or using saved cash. REFERENCES SEE ALSO |
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