Creating a plausible and comprehensible profit and liquidity plan is one of the major challenges when preparing a business plan. The developed business concept must be expressed in absolute figures for the first time, taking into account all details and, above all, specific characteristics.
The goal of the tutorial is to give you an initial basic understanding of plausible and comprehensible financial planning. By basic understanding, we mean working together to find answers to the following questions:
- What to plan (structure and scope)?
- What to plan (assumptions and methodology)?
- How to present and clearly communicate this to stakeholders?
Based on a planning example in MS Excel, the topics mentioned above will be discussed together. The tutorial deliberately does not focus on specialized planning software, as this can only be applied once the fundamental financial planning skills taught in this tutorial are acquired—and even then, there is still much to learn regarding planning software.
After this tutorial, you will be able to take your first steps toward your own planning.
The team from Pape will walk you through the first steps of financial planning together:
- Basic rules of financial planning | Structure, scope & fundamental assumptions
- Profit planning | Sub-plans (sales, personnel, credit, and investment planning) | Planning of individual cost types)
- Liquidity planning
- Reconciliation of profit planning to liquidity planning
- Presenting financial planning in the business plan
- Supporting IT tools.
