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Financial Planning- How to produce financial forecasts

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A Simple Approach For Preparing Financial Plan

What resources are requir

edThe competition profile

Key suppliers of resource

sThe market p

rofile

The political regulations and economic

conditions

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Setting Realistic Assumptions For Financial Planning

Sales Turnover Forecast

Expenditure Forecast

Cash Flow Forecast

Income and Expenditure

Accounts (P&L) Forecasts

Balance Sheet Forecast

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Practical Example for putting together Sales Forecast

English Courses:

No of students (demand for English courses)

500 Students

No of course hours ( i.e. The number of hours students will spend studying the courses)

400 hours

Course fee per student £100

Total sales income forecast £ 50,000

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Practical Example for putting together Sales Forecast

ICT Courses:

No of students (i.e demand for ICT courses)

200 Students

No of course hours ( i.e. The number of hours students will spend studying the courses)

80 hours

Course fee per student £50

Total sales income forecast £ 10,000

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Profiling Sales Income Forecast

Jan Feb Mar

Apr May

Jun Jul Aug

Sep Oct Nov Dec

£ £ £ £ £ £ £ £ £ £ £ £

5000

6000

9000

20000Sales

IncomeFinancial Year2007/08

January £5000

February £5000

March £5000

April £5000

May £5000

June £5000

July £5000

August £5000

September £5000

October £5000

November £5000

December £5000

Total £60,000

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Conclusion – The End

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