Part 1

Prepare the outline of a financial plan for a small business.

In your plan include descriptions/ explanations of:

• the financial records that will be kept
• the accounting procedures that will be used
• how the financial projections will be calculatedincluding assumptions made
• whether business capital is required and if it is, how it will be sourced
• the taxation records that will be kept
• the procedures for keeping taxation records
• how debtors will be managed
• the KPIs that will be used as well as an appropriate target for each one
• any financial ratios that will be used
• how the financial targets will be monitored and reviewed
• how other plans and policies will be monitored for their impact on the business's bottom line
• how the financial plan will be evaluated and reviewed

Part 2

Make a brochure that could be given to people considering starting their own business and who want to know the key considerations when developing a business plan and determining the best methods of managing the business's finances.