Live Q&A Session 11 with Rohit Agarwal

Live Q&A Session 11 with Rohit Agarwal

• 1.
  Introduction to the Company LiveQ&A Session with Rohit Agarwal, Finance Head, UpGrad
• 2.
  Page -2- Agenda forthe session Importance of a Financial Plan Making a Financial Plan 1 2 Good practices for Budgeting3 Open Q & A4
• 3.
  Page -3- Why isa Financial Plan important for an Entrepreneur? 1 2 Translates company’s goals into specific targets Provides a vital feedback-and-control tool Anticipates problems3
• 4.
  Page -4- Why isa Financial Plan important for an Entrepreneur? Importance of Financial Planning Financial Viability Manage Cash Flow Trend Analysis Long-term Planning Plan Spending Measure Progress Evaluate ROI Determine Financing Needs
• 5.
  Page -5- Agenda forthe session Importance of a Financial Plan Making a Financial Plan 1 2 Good practices for Budgeting3 Open Q & A4
• 6.
  Page -6- How togo about make a Financial Plan? 1 2 Identify input variables Understand identification of variables before business starts Estimate the typical planning period3 • Control Variables • External Variables • Policy Variables
• 7.
  Page -7- Financial PlanningProcess 1. Identify Your Needs and Objectives 2. Gather Information 3. Analyse Information and Develop Plan 4. Plan Presentation and Delivery 5. Implement a Plan 6. Review Your Progress and Update
• 8.
  Page -8- Agenda forthe session Importance of a Financial Plan Making a Financial Plan 1 2 Good practices for Budgeting3 Open Q & A4
• 9.
  Page -9- Do’s andDon’ts of a successful financial budget Do’s • Link to strategic planning • Spend time on strategic decision making • Automate the budgets within the entire organisations • Accept changes quickly and easily • Give fiscal control to lower level managers • Leverage your financial systems by data warehousing Don’ts • Spend excess time on data collection • Prepare detail budgets before getting agreement on summary budgets • Rely on the system ledger accounts
• 10.
  Page -10- Agenda forthe session Importance of a Financial Plan Making a Financial Plan 1 2 Good practices for Budgeting3 Open Q & A4
• 11.
  Page -11- Open Q&A WriteYour Queries in the Chat Window