An Assessment Of Atlanta Financial Planning

By Marci Glover


Financial planning involves the formulation of various goals that regard the spending of the available resources. The process is done in steps and at each step the progress made is evaluated. The drafting of spending schedules is done by individuals and businesses with an aim of tracking how the available money is spent. Personal plans could incorporate the use of schedules in tracking how one is saving for retirement or accumulation of wealth in the long term. Businesses draft the spending schedules in an aim of tracking their spending also.

The organization of personal finances as well as business money is very important. Atlanta financial planning helps various entities to put their lives into perspective. A special plan is drafted at the beginning. The plan helps entities to allocate their income to various expenditures such as the settling of debts, payments of rents and other utilities. Through the use of plan, one is bale to evaluate the progress in saving of available resources. The process also teaches people how to save some of their income.

Accounting documents are used in the management of the various resources. The statement of financial position shows the current level of liabilities weighed against the assets. The long term assets are weighed against the long term liabilities while the current assets such as liquid cash are weighed against the current liabilities. The statement of income explains how the income is generated and used by an organization. The statement of cash flows lays emphasis on the inflows and outflows of cash within an organization.

Forecasts of spending in the future periods are based on the current levels of spending. The forecasts are built on the current level of spending. This is then adjusted according to the levels of inflation. Any incremental spending is also factored into the forecasts. The prediction in spending helps the individuals and the business managers come up with of reducing these expenses.

There has to be a balance between the level of spending and investment. Most of business managers try to strike a balance between the two aspects of a business by drafting of a special plan. The statement of financial position is integrated into the statement of income. The two provide a very important overview of how the wealth is generated and used. Personal balance can be achieved by the analysis of the same personal statements.

Reduction of risk is very important. Planning is one of the best ways of reducing the accounting and business risks. Through the process of drafting the spending forecasts, people are able to realize the expected level of expenses. As a result, they are able to put various cost reduction measures.

Investments focus on the accumulation of the long term assets. Through the process, more and more plans of growing the wealth are hatched. Most of these plans are weighed against the expected level of returns and the risks involved. For commercial companies, growth of wealth for the internal and external wealth is one of the main objectives.

There are various international standards that are adopted in the process of drafting the spending forecasts. These regulations ensure that there are reduced levels of manipulation of figures. In the actual preparation of accounting documents, the accounting framework works towards boosting the true and a fair value of a business.




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