Probir Banerjee has Published 444 Answers

Financial Forecasting vs. Financial Planning

Probir Banerjee

Probir Banerjee

Updated on 30-May-2022 11:49:15

Both financial forecasting and financial planning can be applied to businesses and individuals, depending on the needs of the companies and the people, respectively. While financial forecast is made on a future date, financial planning is used to reach the goal on the set date in a step-by-step manner.Financial Forecasting ... Read More

Steps involved in Financial Planning Process

Probir Banerjee

Probir Banerjee

Updated on 30-May-2022 11:47:20

What do you understand by Financial Planning?The financial planning process is a systematic process of planning and forecasting. The finance managers usually take into account various inputs, place them in the modeling, and derive the outputs. Financial planning is an unavoidable process for every firm in order to face stiff ... Read More

What is Financial Planning?

Probir Banerjee

Probir Banerjee

Updated on 30-May-2022 11:44:41

What is Financial Planning?A company’s ultimate objective is to grow its sales and revenues and earn as many profits as possible from the markets. For this, it must have assets, such as equipment and machinery in its possession. The company must incur expenses to buy raw materials in order to ... Read More

What are the Major Implications of the Finance Theory?

Probir Banerjee

Probir Banerjee

Updated on 30-May-2022 11:41:23

The ultimate aim of a company is to earn profits and the financial managers play a big role in this by utilizing their skills and knowledge.Some of the major implications of the finance theory which can be summarized as follows −Wealth maximization as the Primary ObjectiveShareholders’ wealth maximization is the ... Read More

What are the Roles and Responsibilities of a Financial Manager?

Probir Banerjee

Probir Banerjee

Updated on 30-May-2022 11:39:16

The roles and responsibilities of a financial manager were very limited in the past, about three to four decades back. However, in the modern day, the finance managers not only control the spending and the accounts, but they play a major role in directing the organization’s efforts to synchronize all ... Read More

What is a Strategic Financial Planning?

Probir Banerjee

Probir Banerjee

Updated on 23-May-2022 12:34:21

Strategic planning is borne out of the fact that all markets - capital, labor, and product are imperfect and hence they need effective measures to gain profitability. That is why strategies are made to manage business organizations in imperfect and changing markets. It is also believed that imperfections and changes ... Read More

Implications of BCG Model in Strategic Financial Planning

Probir Banerjee

Probir Banerjee

Updated on 23-May-2022 12:32:07

The BCG model is the simplest tool for businesses to understand their strategic position in the business lifecycle. The model helps business firms understand what they must do in order to achieve more profits in accordance with their position in the BCG matrix.The implications of the model in strategic financial ... Read More

What is a BCG Model?

Probir Banerjee

Probir Banerjee

Updated on 23-May-2022 12:30:06

What is a BCG Model?The Boston Consulting Group (BCG) put forward a model of corporate posters of companies at different stages of their business position. It is the BCG model that charts market shares against market growth.The BCG model, also known as the Growth-Share Matrix, is a market model which ... Read More

How to Execute a Strategic Planning?

Probir Banerjee

Probir Banerjee

Updated on 23-May-2022 12:27:58

What is Strategic Planning?Strategic planning ensures that a company’s portfolio is balanced in terms of profit, overall risk, and cash flows. Strategic planning is, therefore, the tool by which the progress of a company can be ensured.Strategic planning decides the strategy. Planning is done at the top level of a ... Read More

Difference between Strategy and Strategic Plan

Probir Banerjee

Probir Banerjee

Updated on 23-May-2022 12:24:50

Although strategy and strategic plan are considered as the same, it is wrong to assume so. There are some distinct differences between strategy and strategic plans. Strategy and strategic plan are the parts of financial planning wherein companies try to chart their future course of action depending on the resources ... Read More

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