A financial plan (and in turn Budgeting & Financial Planning Qatar) is an overview of income and expenses over a period of time. It reflects the financial and non-financial objectives of a business. It will enable an investor to decide on the engagement or involvement and the initiator to compare the budget with the actual and to base the decisions on the variance.
It is an important part of a business case for a business in an early stage as well as pre-feasibility studies, feasibility studies and business plans.
A financial plan (and in turn Budgeting & Financial Planning Qatar) may include without limitation or restriction an outline or summary of the project cost, income statement, balance sheet, cash flow statement with assumptions and justifications as well as ratios.
The project cost is a combination of the capital expenditures and the working capital. Whereas, the capital expenditures will be incurred with the purchase of the fixed assets such as land, buildings, construction, equipment and others while the working capital will be related to the operational expenses for a period of time. Further, the working capital is the difference between current assets and current liabilities.
The project cost is financed or funded by equity or debt (and more specifically short-term loans for the operational expenses and long-term loans for capital expenditures).
The income statement is also referred to as profit and loss accounts. It includes a breakdown from the gross revenue, net revenue, variable costs, gross margin, fixed costs, EBIDTA, other costs, EBIT, finance costs to net earnings.
The income statement is supported by a sales and cost of sales forecast and a breakdown of the other variable and fixed or direct and indirect costs of the business.
Examples for variable costs are raw materials while fixed costs are salaries and wages, rent, utilities such as gas, electricity and water, telephone and internet, supplies and others.
The balance sheet is a report of the current assets and fixed assets as well as current and non-current liabilities and equity or in other words the assets, liabilities and equity at a specific time.
The balance sheet is support by a schedule for depreciation as well as payment methods, receivables, inventories, payables, spoilage and dividends.
Cash flow statement
The cash flow statement outlines or summarizes the cash and its equivalents entering and leaving the business from operating, investing and financing or funding.
The ratios indicate the attractiveness of a business for an investor. The ratios include without limitation or restriction the breakeven, gross profit margin, net profit margin, return on equity, return on investment, cash conversion cycle, free cash flow, internal rate of return, net present value and pay back period.
A financial plan (and in turn Budgeting & Financial Planning Qatar) is an important part of a business case for a business in an early stage as well as pre-feasibility studies, feasibility studies and business plans.
The level of detail and the period of time depends on the stage of the business. As concluded, we recommend to take it step-by-step. The conclusions of one step will influence the next. The development of a business case consisting of the business model and a financial plan for three years would be a start.
We have been part of the development of financial plans (and in turn Budgeting & Financial Planning Qatar) as well as the preparation and provision of papers, reports or studies including pre-feasibility studies, feasibility studies and business plans.
Our clients and customers include manufacturers (such as plastic factories, pre-fabrication factories, pipes plants and others), real estates, agricultural businesses or projects, education institutions, medical centers and others in the State of Qatar.
Our recommendations depend on the requirements of a client or customer and the complexity of a business or project. In a majority of our cases, we propose or suggest to take it step-by-step and to develop a business case consisting of the business model and a financial plan (and in turn Budgeting & Financial Planning Qatar).
We recommend to consider directly and indirectly related activities such as business cases as well as feasibility studies and business plans.
It would be our pleasure to learn more about your business or project and to discuss the most suitable approach for you!
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