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. 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.
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.
FINANCIAL FORECAST OFFSETS DEFICITS NOTE TO EDS: PLEASE DON'T PUT THE TAX INCREASE IN THE HEADLINE. THIS IS REALLY ABOUT THE CUTS, NOT THE TAXES.
Mar 25, 2010; Town Manager Peter Elwell this week released a 10-year financial forecast that would wipe out a string of projected budget...