sm- financial plan & ploicies

8/2/2019 SM- Financial Plan & Ploicies

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IMPLEMENTATION OFSTRATEGIES

CHAPTER - 3


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Financial policies Concerned with planning and

controlling of financial resources

Considered as a vital & integralpart of overall management

Responsible for Estimation ofresources, their procurement and

application which help the

enterprise to grow


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questions to be answered From where the company gets required fund ?

How to and to what extent reserves and surplus beused to finance the activities ?

What is the ratio of integral and external sources offinancing ?

What capital is desired for the development of thecompany ?

What is the component of different assets that thecompany needs to maintain ?


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Major issues takencare


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Source of funds


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Uses of funds


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Management of funds


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Characteristics ofsound financial plan


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SoundFinancialplan

Present a simple capital structure

Not only address present needs butalso future

Intensive use of available finance

Flexible enough to adjust andreadjust according to requirements

Provide for contingencies

Liquidity in the plan to maintainroutine requirements

Cost of capital should beeconomical. Benefit derived mustbe more. Investment in profitableavenues


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exAMPLES

Sykes & Ray Financial Planners has pioneered fee-based Professional Financial Planning Services inIndia and is highly regarded as one of theleading Financial Planning companies guiding its

clients to fulfill their dreams and achieve financialgoals. It has a professional team of dedicated,experienced and highly skilled CertifiedFinancial Planners who are committed to

the professional practice standards and code ofethics laid down by Financial Planning StandardsBoard India.


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exAMPLES

Bajaj Capital is a SEBI-approved Category IMerchant Banker catering to IndividualInvestors, Corporates, HNI and NRI clients. It offersa comprehensive range of servicesincluding Financial Planning and Investment

Advisory, with strong team of qualified andexperienced professionals including CAs, MBAs,

MBEs, CFPs, CSs, Insurance Experts, Legal Expertsand others.


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exAMPLES

Veer Consultancy Services (VCS) is one of the veryfew Independent Financial Planning Firms in Indiaalso offering all the functions of a Multi FamilyOffice, with offices in Mumbai, Kutch and Pune. Ithas a team of professionals with extensive experiencein a variety of disciplines including FinancialPlanning, Law, Taxation, Marketing, Computer

Networking, Information Security.


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