Part 1 Prepare the outline of a financial plan for a small business. (1,0002,500 words) 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 businesss bottom line how the financial plan will be evaluated and reviewed Upload a file (7MB max) 2 Part 2 Create 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 businesss finances.