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What is a Long-Term Financial Plan?A long-term financial plan is a projection of the business’s doable things to reach the financial goal of the organization. The business, therefore, must create the plan so that it acts as a warning, showing the pitfalls of cash flow dips, pinpointing the best time to execute tasks, and identifying financial needs for the future.A long-term plan is usually longer than a single-year plan as a short-term plan is usually of a year or less, whereas long-term plans have tenures of more than one year. Long-term planning is more static; it may include the facets, ... Read More
Businesses often make short- and long-term goals that are defined by financial plans. Financial plans may be both short- and long-term depending on their tenure. Short-term plans are usually of a year or less while long-term plans have tenures of more than one year.Both short- and long-term plans are inevitable for businesses. The businesses that make short- and long-term goals need to measure their performance by measuring the Key Performance Indicators (KPIs). Keeping track of the KPIs and successfully completing them is the key to success for firms.Here, we define short and long-term financial planning, show their differences and express ... Read More
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 vs. Financial PlanningAlthough Financial Forecasting and Financial Planning are related in terms of future endeavours, however, there are stark differences between the two. These differences are as follows −Estimation vs. ForecastingFinancial forecasting is an estimation or a projection, whereas financial planning is a process that should be followed to reach ... Read More
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 competition in the market and grow simultaneously. Without having a proper plan, the company cannot have an ideal vision, and therefore, the management cannot define a subtle growth path.The inputs that are used in the financial planning process act as variables of growth for a company. Modeling acts as a ... Read More
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 produce finished goods from raw materials.There are expenses in marketing the goods and services too. The company may need to sell its products in credit to increase the market share and push the sales up. This will create accounts receivables and debtors. The company may decide to use its retained ... Read More
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 primary objective of the management. Shareholders are the owners of a company and they have the primary interest in the prosperity and growth of the company. A company cannot deny the role of shareholders in forming the organization by investing money in the company through shares.Therefore, when a company earns ... Read More
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 of the activities of a company.However, depending on the depth of functionalities and their importance, the financial managers perform two main functions −Allocation of funds which is an investment decision.Generation of funds which is a financial decision.These functions are guided by the finance theory which makes two assumptions to let ... Read More
With the advancement of technology, everyone may use Google, which is one of the most widely used search engines on the planet. Google is a search engine that allows you to find information, data, and other internet resources. But Google's capabilities aren't restricted to this. You will learn how to use Google search techniques for hacking tactics in this tutorial on what Google Dorking is.What Does It Mean When Google Dorks?Google Dorking is a hacking technique that utilizes Google's advanced search facilities to seek useful data or material that is difficult to find."Google hacking" is another term for Google Dorking. ... Read More
What is Buffer Overflow?When a lot of data is written to a buffer than it can hold, a buffer overflow occurs. The extra data is written to the adjacent memory, overwriting the contents of that location and resulting in unpredictable program results. Buffer overflows occur when the data is written without sufficient validation (no boundaries). It's seen as a flaw or defect in the software.By introducing code specifically engineered to cause buffer overflow with the initial portion of a data set, attackers can exploit a buffer overflow problem then write the rest of the data to the memory address adjacent ... Read More
Sandboxing is a cybersecurity practice in which code is run, observed, and analyzed in a secure, isolated network environment that mimics end-user operating environments. Sandboxing is a technique for inspecting untested or untrusted programs to prevent dangers from entering the network. Sandboxing confines the code to a test environment, preventing it from infecting or harming the host machine or operating system.A sandbox can be used as a standalone solution or a supplement to existing security systems like an email gateway. Because email is the primary vector of internet dangers, a sandbox is extremely critical for email security. Although sandbox is ... Read More