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Planning is the process of setting goals, determining actions to achieve those goals, and allocating resources effectively.
Setting specific, measurable, achievable, relevant, and time-bound (SMART) goals
Creating a detailed plan of action to achieve the goals
Allocating resources such as time, money, and manpower efficiently
Monitoring progress and making adjustments as needed
Examples: Financial planning for a company's b...
A financial model is built to forecast future financial performance of a company or project.
Identify the purpose of the financial model (e.g. budgeting, valuation, forecasting)
Gather historical financial data and relevant assumptions
Create income statement, balance sheet, and cash flow statement projections
Perform sensitivity analysis to assess the impact of different variables
Validate the model by comparing actual res
Depreciation is the allocation of the cost of a tangible asset over its useful life.
Depreciation is a non-cash expense that reduces the value of an asset over time.
It reflects the wear and tear, obsolescence, or decrease in value of an asset.
Common methods of calculating depreciation include straight-line, double declining balance, and units of production.
Example: A company purchases a machine for $10,000 with a useful...
Budgeting is the process of creating a plan to manage income and expenses over a specific period of time.
Budgeting involves setting financial goals and creating a detailed plan to achieve them.
It helps in tracking income, expenses, and savings to ensure financial stability.
Budgeting can be done on a personal level, for businesses, or for specific projects.
Examples of budgeting tools include spreadsheets, budgeting apps
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I applied via Recruitment Consulltant and was interviewed before Mar 2022. There were 3 interview rounds.
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