Financial planning compact

Objectives, tasks and procedure for financial and liquidity planning

• Dispositive vs. structural liquidity, financial equilibrium, static/dynamic liquidity assessment, cash flow determination and cash flow statement, liquidity vs. profitability.

Development and realization of financial planning in day-to-day business

• Goals and tasks of financial planning.
• Financial planning for one-off capital requirements: calculation scheme, fields of application, possibilities, limits.
• Financial planning for recurring capital requirements.
• Short, medium and long-term planning.
• Operational and strategic planning.
• Integrated/rolling financial planning.
• Payment and balance sheet-oriented financial planning.
• Determination schemes.

Introducing financial and liquidity planning in the company

• Organizational requirements.
• Data sources for financial planning.
• Stages of the financial planning process: planning incoming and outgoing payments, taking into account VAT payments, discounts etc., including capital movements.
• Determination of under/over coverage, definition of compensation measures.
• Planning approval, result and premise control.
• Notes on the use of planning software.
• Derivation of planned cash flow statements.

Benefits and optimization approaches of financial and liquidity planning

• Internal benefits: Identify target/actual deviations, create liquidity headroom, use forecast and simulation calculations, implement measures for dispositive/structural liquidity protection, determine liquidity reserves, optimize receivables management.
• External benefits: Loan negotiations and rating discussions based on financial planning, alternative lenders/cost of capital.