Business planning. Requirements for basic financial plan documents. International financial reporting standards. financial planning technology (most important)

Lecture notes, cheat sheets
Free library / Directory / Lecture notes, cheat sheets

Business planning. Requirements for basic financial plan documents. International financial reporting standards. financial planning technology (most important)

Lecture notes, cheat sheets

Directory / Lecture notes, cheat sheets

Comments on the article

Table of contents (expand)

21. REQUIREMENTS TO THE MAIN DOCUMENTS OF THE FINANCIAL PLAN. INTERNATIONAL FINANCIAL REPORTING STANDARDS. FINANCIAL PLANNING TECHNOLOGY

К The main documents of the financial plan are the following requirements:

▪ convergence - indicators and items of the financial plan must converge and together create a holistic financial picture;

▪ interconnectedness - financial plan indicators must be interconnected and calculated on the basis of certain initial data (indicators);

▪ compatibility with accounting - financial indicators must be presented in such a way that, based on them, it is possible to create aggregated accounting data;

▪ convenient design - the design should be understandable and clear, and on the other hand, quite professional.

International Financial Reporting Standards (IFRS) are necessary for Russian companies in several cases, in particular, if the company attracts foreign investments or plans to place shares. IFRS is also useful for companies that can afford to ensure the transformation of reporting, since IFRS more accurately than Russian standards characterize the performance and financial condition of the company. Such information may be useful for analysis, management decision-making, provision to shareholders and investors.

In the world allocate two main prototypes of MFSO:

1) IAS (International Accounting Standards) - international standards applied for reporting to international stock markets;

2) GAAP (General Accepted Accounting Principles) - US reporting standards used in the preparation of reporting for the US stock market and investors.

Basic principles of IFRS:

▪ valid assumption - means that the company will operate for a period sufficient to fulfill its existing obligations;

▪ constancy - means that the company’s accounting policy, other things being equal, should not change for several years;

▪ accruals - means that income and expenses must be recognized in the periods to which they relate, regardless of the fact of payment.

Financial planning technology consists in the consistent development of sections of the financial plan according to a certain logic: some sections are developed on the basis of data from other sections.

<< Back: Profit distribution plan. balance plan

>> Forward: Project financing strategy. Information support, methodology for calculating planned indicators and determining cash flows

We recommend interesting articles Section Lecture notes, cheat sheets:

▪ Inheritance law. Lecture notes

▪ Sociology. Crib

▪ Housing law. Lecture notes

See other articles Section Lecture notes, cheat sheets.

Read and write useful comments on this article.

<< Back

Latest news of science and technology, new electronics:

The existence of an entropy rule for quantum entanglement has been proven 09.05.2024

Quantum mechanics continues to amaze us with its mysterious phenomena and unexpected discoveries. Recently, Bartosz Regula from the RIKEN Center for Quantum Computing and Ludovico Lamy from the University of Amsterdam presented a new discovery that concerns quantum entanglement and its relation to entropy. Quantum entanglement plays an important role in modern quantum information science and technology. However, the complexity of its structure makes understanding and managing it challenging. Regulus and Lamy's discovery shows that quantum entanglement follows an entropy rule similar to that for classical systems. This discovery opens new perspectives in the field of quantum information science and technology, deepening our understanding of quantum entanglement and its connection to thermodynamics. The results of the study indicate the possibility of reversibility of entanglement transformations, which could greatly simplify their use in various quantum technologies. Opening a new rule ... >>

Mini air conditioner Sony Reon Pocket 5 09.05.2024

Summer is a time for relaxation and travel, but often the heat can turn this time into an unbearable torment. Meet a new product from Sony - the Reon Pocket 5 mini-air conditioner, which promises to make summer more comfortable for its users. Sony has introduced a unique device - the Reon Pocket 5 mini-conditioner, which provides body cooling on hot days. With it, users can enjoy coolness anytime, anywhere by simply wearing it around their neck. This mini air conditioner is equipped with automatic adjustment of operating modes, as well as temperature and humidity sensors. Thanks to innovative technologies, Reon Pocket 5 adjusts its operation depending on the user's activity and environmental conditions. Users can easily adjust the temperature using a dedicated mobile app connected via Bluetooth. Additionally, specially designed T-shirts and shorts are available for convenience, to which a mini air conditioner can be attached. The device can oh ... >>

Energy from space for Starship 08.05.2024

Producing solar energy in space is becoming more feasible with the advent of new technologies and the development of space programs. The head of the startup Virtus Solis shared his vision of using SpaceX's Starship to create orbital power plants capable of powering the Earth. Startup Virtus Solis has unveiled an ambitious project to create orbital power plants using SpaceX's Starship. This idea could significantly change the field of solar energy production, making it more accessible and cheaper. The core of the startup's plan is to reduce the cost of launching satellites into space using Starship. This technological breakthrough is expected to make solar energy production in space more competitive with traditional energy sources. Virtual Solis plans to build large photovoltaic panels in orbit, using Starship to deliver the necessary equipment. However, one of the key challenges ... >>

Random news from the Archive

JVC DLA-Z4 1K projector 14.09.2016

JVC has introduced the DLA-Z4 1K laser projector, which is designed for home theater and is based on an advanced D-ILA matrix using Blu-Escent technology.

JVC has been marketing D-ILA sensors since 1997, and in the latest generation of them, it was able to achieve a significant (over 30%) reduction in the distance between pixels, which made it possible to realize native 4K resolution (4096 x 2160) with a diagonal of only 0,69 inches . Previously, JVC's consumer projectors used e-Shift optical shift scaling technology to achieve such clarity.

Another feature of the JVC DLA-Z1 is the Blu-Escent blue laser light source. Its maximum brightness reaches 3000 lm and is maintained throughout the entire service life of 20 hours. At the same time, the intensity of the laser radiation can vary dynamically, adjusting without delay to the brightness of the displayed frame for the most comfortable perception of the picture by the viewer.

Among other characteristics of the projector, we note 100% coverage of the DCIP3 color space and over 80% of the BT.2020 range, HDR support and a lens with 18 optical elements arranged in 16 groups with the ability to shift by 100% vertically and 43% horizontally.

Other interesting news:

▪ 4D drone camera

▪ New window glass is healthier

▪ TV from SEIKO EPSON with a built-in photo printer

▪ TV screen as thin as a sheet of paper

▪ Cosmic rays - a threat to the colonists of Mars

News feed of science and technology, new electronics

Interesting materials of the Free Technical Library:

▪ section of the site Amateur radio calculations. Article selection

▪ article Rotochute class S9N. Tips for a modeller

▪ article What funny day is Internet Day? Detailed answer

▪ article Yenisei River. Nature miracle

▪ article Wiring devices. Encyclopedia of radio electronics and electrical engineering

▪ article Switching adjustable power supply for lamp equipment. Encyclopedia of radio electronics and electrical engineering

Leave your comment on this article:

All languages of this page

Home page | Library | Articles | Website map | Site Reviews